Bitcoin, Ethereum, Ripple’s XRP, And Litecoin Could Be Heading Into Their Biggest Week Ever
Sep 15, 2019, 08:28am
Billy Bambrough
Contributor
Crypto & Blockchain
I write about how bitcoin, crypto and blockchain can change the world.
Bitcoin and major cryptocurrencies including ethereum, Ripple's XRP, bitcoin cash, and litecoin, could be primed for one of their biggest ever weeks as traders and investors gear up for the launch of the U.S.-based Bakkt bitcoin and cryptocurrency platform.
The bitcoin price, which has climbed some 200% so far this year, has been trading sideways over the last couple of months as market watchers eye global regulators, technology giants, and the likes of Facebook's libra for possible signals of where the bitcoin and cryptocurrency market might be going next.
The bitcoin price has soared this year after a dreadful 2018 and now could be poised to move higher again. Getty Images
Bakkt, an Intercontinental Exchange-backed bitcoin platform, which was announced last year and boasted partners from computing giant Microsoft and coffee chain Starbucks, has been closely-watched by bitcoin and cryptocurrency traders and investors, with many hoping it will usher in a bitcoin bull run to rival the epic 2017 surge.
The bitcoin price climbed from under $1,000 per bitcoin to almost $20,000 between January and December 2017 as bitcoin mania reached fever-pitch and hopes institutional money was about to flow into crypto peaked.
After many banks and fund managers decided to take a "wait-and-see" approach to bitcoin and crypto, the bitcoin price plummeted last year, crashing to under $4,000 per bitcoin–down almost 90% from its all-time highs.
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Poster Comment:
I know a girl that made some bucks on cryptos. She just happened to get in and out at the right times.