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Bitcoin Price Rises $1,000 in 30 Minutes amid High Volatility Levels

July 18, 2019 at 20:21 by Matt Jackson

Bitcoin prices rose more than $1,000 in 30 minutes today, taking the price firmly back above $10,000. The rise came after the digital currency had repeatedly tried, but failed, to take the $10,000 mark: seen as a psychological price barrier.

Bitcoin has seen highly volatile prices recently, and today has certainly been no exception. It has seen a high price of $10,650 and a low of $9,375. The digital gold has also seen its dominance rise, and now represents 65.8% of the total cryptocurrency market.

The CEO of Calibra and Libra, David Marcus, has been in front of Congress this week, answering questions on the Facebook backed cryptocurrency. The exchange has been heated at times. Marcus acceded that the group would not launch the cryptocurrency before all questions and regulator concerns had been answered. However, he also said that he believed this was enough of a concession and refused to stop planning or preparing the cryptocurrency in advance of the launch. Marcus described the Calibra wallet as being similar to other non-banks that operate in the same space.

Litecoin, which was recently announced as the cryptocurrency of the Miami Dolphins, has undergone a significant revival in the past few days, and the gains made by the fourth largest cryptocurrency continued today. Litecoin prices dropped to under $78 on Tuesday, July 16. Prices started to rise on Wednesday, July 17th, topping $90. Today, Thursday, July 18th, prices have risen to $100, having risen more than 10% in the past 24 hours.

Bitcoin (BTC) prices have risen 7.47% to reach $10,562.24. Ethereum (ETH) is now trading at $224.08, having risen 4.7% in the past 24 hours. Ripple (XRP) and Litecoin (LTC) have risen 1.63% and 10.02% to $0.322 and $100.25 respectively. Bitcoin Cash (BCH) has risen 4.95% and is now trading at $312.12, as at 21:15 GMT.

If you have any questions and comments on Bitcoin today, use the form below to reply.

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