Skip to main content

WBTC Price surges, Crypto Market Cap witness 2019 all-time high



It is an appropriate time to invest in the cryptocurrencies as the meltdown period is over and the WBTC price and other coins see a surge in their prices.

Currently, Bitcoin is trading around $5,247.30, Ethereum (ETH) has added 6.78 percent to its value, and XRP is trading around $0.358827, WBTC is trading around $0.4084.

Interestingly, the cryptocurrency is continuously rising and is almost touching the recent highs that were set earlier this month. The cryptocurrency has reached the mark of $5,300 at the beginning of the month. However, will this level be a region of resistance or not is still not clear?

A famous analyst named Crypto Thies recently tweeted his opinion on WBTC price. As per the analyst, the $ 5,500 will be the level of resistance that the Bitcoin will face in the coming time.

The sudden rise in the WBTC price started two weeks back due to high-volume buying spree. The Bitcoin surpassed the $5,000 mark for the first time since November 2018.

Why the Bitcoin price increased rapidly?

The Bitcoin halving event is considered the one reason behind this sudden rise. The event anticipated in 2020. The Bitcoin enthusiasts and traders would also like to see if the next halving event will see Bitcoin price reaching another all-time high. 

As per BitcoinBro’s CEO, Oliver von Landsberg Sadie, the main factor that has contributed to the Bitcoin Bull Run is an order worth around $100 million that is spread throughout exchanges, Kraken, Bitstamp, and Coinbase.

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

What is Belpay exchange? A detailed guide

Belpay exchange is the most trusted exchange worldwide for the trading of cryptocurrencies. It is a reputed digital marketplace for traders those who want to sell and buy Bitcoins& White Bitcoins using different currencies. Here, you can white bitcoin exchange for alternative cryptocurrencies like Ethereum or TrueUSD. • The exchange is like the middleman or the connecting point between the traders of the various cryptocurrencies. Similar to other exchanges, to do trading with Belpay exchange you need to have an account and need to buy bitcoin& White Bitcoin. • Belpay charges you transaction fees ranging from 0 to 0.25 percent. Once you open an account, there are a series of steps for you to be verified. • As we all know that bitcoin or any other cryptocurrencies are only in the digital form. There are no actual physical cryptocurrencies. There are numerous cryptocurrencies in the world, and the new ones are getting added all the time. Hence, it is essential to decid...
1 comment
Read more

What is White Bitcoin (WBTC)? A detailed guide

White bitcoin (wbtc) is digital money, the electronic cash which is not controlled by any central bank; instead, it is a decentralized system to transfer digital currencies from peer to peer in the blockchain network. White Bitcoin (wbtc) was originated to provide a decentralized system to the investors where there will be no control of a single financial authority like central banks and no interest fees. Here, the transactions are more transparent, and you can buy and sell the cryptocurrencies anytime. After its origin in 2018, it has come a far way in a short period. There are many companies worldwide that have started accepting the white bitcoin (wbtc) as payment. There are websites which promote bitcoin and white bitcoin has its exchange rates, price index, and API (Application Programming Interface). How to buy white bitcoin (wbtc)? • First, you need to download the wallet software, which will allow you to send and receive the white bitcoins (wbtc). • To buy white bitcoin (wbtc)...
1 comment
Read more

WBTC (White Bitcoin): What is it, and how can I use it?

•     White bitcoin (wbtc) or cryptocurrencies give new meaning to the money. It is different from the real world currencies we use in our daily lives. The cryptocurrencies do not involve any banking system. They rely on peer to peer technology. No one owns the bitcoin system; the whole network takes care of the transactions as well as issuing cryptocurrencies. •   The underlying technology that is blockchain is transforming various industries like banking, healthcare, manufacturing, elections, farming, and logistics.  •     The white bitcoin or WBTC has revolutionized the global payment system, and more and more people have started investing in the concept from all over the world. Significant investments are involved in these digital currencies from various countries.  How to get the White Bitcoins (WBTC)? •     You can buy White bitcoin (wbtc)or even earn free White bitcoin (wbtc) . To start the process,...
Post a Comment
Read more