See Why Bitcoin Spiked Above $9,000, As Ethereum Goes Higher

Updated Friday 31 May 2019 6:0
See Why Bitcoin Spiked Above $9,000, As Ethereum Goes Higher
The Bitcoin price, which had a stable trend over the recent weeks has spiked high again reaching $9,097 per bitcoin on the Luxembourg-based Bitstamp exchange, though it failed to hold onto the gains when it went lower immediately.

Did you know? You can comment on this post! Just scroll down

Bitcoin, despite being the most widely traded cryptocurrency with trading volume into the billions of dollars every day, still struggles with wild price swings due to so-called market whales moving large volumes of bitcoin at above or below the current market value.

The sudden rise, and subsequent retreat, in the bitcoin price comes after a widely read report suggesting the ongoing U.S China trade war could eventually cause bitcoin, ethereum, and other major cryptocurrencies to rise.

Ethereum, meanwhile, has been surging over the last 24 hour trading period, up 6%, boosted by a significant increase in the number of daily transactions on its network.

Ethereum transactions have surged to their highest level since early February 2018, according to reports, while activity level on the ethereum blockchain is nearing levels last seen when the ethereum price was at its all-time highs in January 2018.

Article Posted 1 Month ago. You can post your own articles and it will be published for free. No Registration is required! But we review before publishing! Click here to get started

Love This? Share It!

One Favour Please! Subscribe To Our YouTube Channel!

468k

Like us on Facebook, Follow on Twitter

React and Comment

Click Here To Hide More Posts Like This
Watch and Download Free Mobile Movies, Read entertainment news and reports, Download music and Upload your own For FREE. Submit Your Content to be published for you FREE! We thrive on user-submitted content! But we moderate!

Attention
We use cookies to serve you better. We have to let you know this in accordance with EU laws. You accept our terms and conditions by using this platform. Please Click on the OK button below to hide this message