NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Bitcoin Market Surges $5 Billion in Matter of Minutes, But Why?

Rick Delafont
Rick Delafont
1 year ago
2 mins read
Bitcoin BTC

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

More than $5 billion have entered the Bitcoin market in the last hour or so. The price of the leading digital asset at around midday GMT today was about $7,668. At the time of writing, it has since surged to almost $8,000 again.

The most popular crypto asset by market capitalisation actually surpassed the $8,000 point on some exchanges. At the time of writing, the price of Bitcoin on long-serving crypto exchange BitStamp was actually $8,007.

Is the Bitcoin Bull Run Back On?

In contrast to 2018, the general trend in Bitcoin prices has been upwards so far this year. In fact, the price started off 2019 floating around the $3,700 price point. It would trade sideways for the first few months before starting to increase.

The price of Bitcoin has been increasing through 2019.

In April, the gradual uptrend became much more pronounced. During the next couple of months, the Bitcoin price would surge to just shy of $9,000 at the end of May.

Following such an epic year-to-day run of more than 140 percent, the market has let off a little steam and since dropped back to the low $8,000s where it proceeded to trade generally sideways until today.

For now, there is little to indicate what exactly has caused the sudden surge in buying pressure. In fact, the recent price action has left some traders confused:

Go home bitcoin. You're drunk. pic.twitter.com/5qiWl5J3v9

— Don 🇨🇳🦠 (@smartbrain) June 10, 2019

Although much of the news surrounding Bitcoin in recent months has been bullish (Fidelity, Bakkt, the environmental cost of mining report), there does not appear to have been one precursor behind the surge in prices experienced today.

A Green Day Across Almost All Crypto

Whilst for now we’re at a loss as to what has actually caused today’s Bitcoin price surge, the same trend can be observed across almost all of the crypto market.

Of the top ten leading coins, all have experienced the recent surge – albeit to different degrees.

Some pretty impressive gains seen in the Crypto space today with Litecoin (+10%) leading the way higher #bitcoin #cryptocurrency #Ethereum pic.twitter.com/ko7r2wt5pH

— David Cheetham, CFA (@DavidCheetham3) June 10, 2019

Fourth most popular crypto asset Litecoin (LTC) leads the pack with an impressive 7.68 percent 24-hour gain and just shy of 10 percent gains over the last hour or so.

Driving much of the enthusiasm for Litecoin of late is certainly the block reward halving that is due to occur in August this year. The event has many people excited since the supply of new Litecoin being released in each new block will be cut in half. With less crypto coins available to buy, any increase in buying pressure should have a more dramatic impact of prices than previously observed, hence people wanting to load up on Litecoin now.

Since it borrows so much of the same code as Bitcoin, the same halving of the block reward will occur on the Bitcoin network in 2020. If previous examples of the historic event are anything to go by, the halving could well drive the price of Bitcoin to levels that seem unimaginable today.

 

Related Reading: Why Former Wall St Exec Says Facebook Crypto Push Would Boost Bitcoin

Featured Image from Shutterstock.
Tweet123Share196ShareSend
Rick Delafont
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Bulls In Cloud 9? Analyst Identifies Where Risk Lies

After a near-excellent start to the month of July, Bitcoin has performed even more impressively over the past few days. The...

Opeyemi Sule 10 hours ago
Bitcoin

Bitcoin Price Break Above $118,000 Just The Start, Analyst Unveils ‘Golden Number’

Bitcoin has rallied massively over the past seven days by posting an impressive price gain of nearly 9% after climbing...

Scott Matherson 13 hours ago

Pi Network Turns Heads With Symbolic Transfers, $20M Volume Spike

The Pi Network coin dipped to $0.46 today, slipping 6% in the past 24 hours. Yet trading volume jumped to...

Christian Encila 14 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

BTC All-Time High

Crypto expert: Bitcoin bereikt nieuwe ATH van $112k, betekent dit start van altcoin season?

Lars Diederiksen 1 hour ago

Gemini分析比特幣升勢帶動示新牛市周期 Bitcoin Hyper等Layer 2項目引爆關注!

Kelvin Lee 5 hours ago
Cardano price

Cardano Price Explodes 30% In Past Week — Analyst Calls $5 Next Market Top

Opeyemi Sule 6 hours ago

Premium Sponsors

Press Releases

  • ビットコインが11万8,000ドルの最高値を記録する中で注目すべき仮想通貨プレセール

    ...

    14 hours ago
  • 仮想通貨 おすすめ|急騰するDogwifhatとFartcoin、注目の低価格ミームコインとは?

    仮想通貨...

    14 hours ago
  • 新しい仮想通貨価格動向|話題の最新コインの成長可能性

    ...

    14 hours ago
  • アルトコイン注目銘柄|2025年7月第2週に見るべき3銘柄

    ...

    14 hours ago
  • ロビンフッドが1ドルから始めるETHとSOLのステーキングを開始──今注目の仮想通貨投資はこれだ?

    ...

    14 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.