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Here Is How Bitcoin (BTC) Could Do Another 10% in 24 hours

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Bitcoin (BTC) has once again proved itself as being the King of Crypto. Its amazing 10.65% gain in the last 24 hours, and at the moment of writing this, has enabled BTC to rise from levels of $6,700 just yesterday, to current levels of $7,424. As a result, all other coins and tokens are in the green. As a matter of fact, the total market capitalization has risen from Sunday levels of $250 Billion to current levels of $293 Billion. At this rate, the $300 Billion total market capitalization will be reached by the start of the weekend.

But how will Bitcoin do another 10% in 24 hours and get to $8,000?

Only a few hours ago, Global Coin Report had indicated the following 4 factors as to how BTC will get to $10,000:

  1. Proof positive Technical Analysis that indicates the only direction is up for the King of Crypto
  2. The Bitcoin ETF discussion with a pending ruling by the SEC in August
  3. BlackRock Investment firm declaring they are exploring blockchain and cryptocurrency
  4. Billionaire Investor, Steven Cohen announcing that he was investing in a crypto hedge fund

The current market surge is as a result of the above 4 factors. But there is a new development that will make the 10% gain a possible repeat in the next 24 hours.

This new development is that the new CEO of Goldman Sachs, David Solomon, is also eyeing Bitcoin and cryptocurrencies. It is now official that the New York-based investment bank is looking into adding Bitcoin and Cryptocurrency services to its portfolio. The new CEO stated that the bank is currently offering clients publicly traded derivatives tied to Bitcoin.

Mr. Solomon knows that investment banks need to evolve with the times to stay relevant. Otherwise, their fate will be similar to that of the Polaroid camera or Kodak which slowly became obsolete for lack of embracing technological change. Solomon is quoted as saying:

“We are clearing some futures around bitcoin, talking about doing some other activities there, but it’s going very cautiously. We’re listening to our clients and trying to help our clients as they’re exploring those things too.”

This is a clear indication that the current reversal of fate in the crypto-markets might just be permanent and a $25,000 BTC value by the end of the year is still a possibility. There is also the new feeling that Bitcoin could replace fiat currencies in the near future.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Bitcoin

The rise of the crypto casinos

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In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

Why Bitcoin and online casinos are the perfect partners

In many ways, it’s the perfect partnership between Bitcoin and online casinos with multiple benefits for both.

The first of…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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