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CRYPTO RALLY: Bitcoin, $RIOT, $MARA, $XNET, and $CWRK Analysis + Price Targets

Bitcoin has renewed its price high ...

Bitcoin has updated its 2019 price high at $ 13,800, not everyone liked it
CONTENT

  • Bitcoin has set a new high since summer 2019

  • Some exchanges have collapsed again amid the pumping of the price of cryptocurrency

  • Traditional giants of the wire transfer industry against cryptocurrencies

International consortium of news organizations developing transparency standards.

The largest cryptocurrency by market capitalization renewed its summer 2019 high as Bitcoin hit $ 13,793

Bitcoin has reached a new high after an all-time high in 2017. On Wednesday, October 28, the bitcoin price briefly overcame the $ 13,800 level, reaching its maximum at $ 13,836. At the time of writing, the price of BTC / USDT has retraced to $ 13,610..

Bitcoin has renewed its price high ...

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Source: coinmarketcap.com

Bitcoin last climbed so high on June 26, 2019, when the price of the cryptocurrency hit $ 13,793. Since then, Bitcoin has repeatedly tried to overcome this threshold, but to no avail. The breakthrough of the $ 13,800 level occurs exactly one week after the major American electronic transfer service PayPal officially announced the adoption of cryptocurrencies, the actual support of which will begin only in 2021..

Bullish trend signal

However, not all exchanges have reached the new milestone without technical interruptions. The well-known cryptocurrency exchange Coinbase again stopped working correctly against the backdrop of the rise in the price of bitcoin. At the time of this writing, the exchange is still carrying out maintenance work.

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Source: status.pro.coinbase.com

Twitter users have already commented on another drop in the performance of the trading platform due to the price surge of a digital asset.

“The only thing that can always be expected with a bitcoin pump is the fall of Coinbase,” wrote a user under the nickname Vijay Boyapati.

Old school supporter

Bitcoin has updated its price high ...

However, not everyone believes that the recovery of the cryptocurrency market is a good signal. In an interview with Fortune, Ajay Banga, head of the Mastercard electronic money transfer system, said that in digital central bank currencies (CBDC) Paper bills and coins may be a thing of the past due to a new financial instrument – central bank digital currency (CBDC). As … More ) significantly more financial inclusion than Bitcoin, citing the volatility of the latter.

“Cryptocurrencies are not a way to attract people, they are a way to scare them,” added Banga..

Mastercard has long been known for its position not to enter into disputes with international regulators. Recall that in October 2019, eBay, MasterCard and Visa left Facebook’s cryptocurrency project called Libra.In June 2019, Facebook announced preparations for the release of the Libra digital currency. The social networking project immediately attracted attention … More due to excessive regulatory attention.

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