Bitcoin price surges past $5,600 to set new 2019 high

Bitcoin‘s price has surged past $5,600 and set a new 2019-high, which makes for twice in less than two months. The rally comes despite recent confirmation that the world’s most popular stablecoin, Tether, is not completely backed “one-to-one” with cash. Bitcoin‘s market cap has also exceeded $100 billion for the first time since November as a result of the pump. Even though we’re at a new high for 2019, the price of Bitcoin is still very much below its recorded peak from the past 12 months. Indeed, on May 5, 2018 (almost one year ago), Bitcoin traded for close to $9,800.…

This story continues at The Next Web

Or just read more coverage about: Bitcoin

from The Next Web http://bit.ly/2V9TbkS