Categories: Bitcoin Business

Impressive! Resilient Bitcoin Price Moves Higher as Crypto Stars Align

Click here to view original web page at
Bitcoin is suddenly moving higher amid a couple of possible catalysts. | Source: Shutterstock

By CCN: The bitcoin price stumbled toward the end of the week but it looks like the bulls have gotten it together. BTC is now moving higher by nearly 7% to approximately $7,800 at last check on CoinMarketCap. The price had fallen as low as approximately $7,000 on Friday, and some traders have been calling for the bottom to fall out. It seems as though that won’t happen, at least not today.

| Source: CoinMarketCap

Even though the sudden reversal came suddenly and seemingly disrupted some weekend plans, nobody on Crypto Twitter was complaining.

BTC on the move again.

— Mati Greenspan (@MatiGreenspan) May 19, 2019

Morgan Creek Capital Management CEO Mark Yusko points out that “bitcoin never sleeps,” which certainly paves the way for the rally.

BOE Official Suggests Bitcoin Could Replace Cash

There is a thread making the rounds on Reddit about a UK central banker coming to terms with the rise of bitcoin. According to the Reddit thread, Bank of England Chief Economist Andrew G. Haldane spoke to college students on May 17 and the topic of bitcoin came up. He was refreshingly open-minded. The Reddit member explained:

“One person asked what he thought of cryptocurrency and his response surprised me. He said it could replace cash; he even joked about us likely having bitcoin in our wallets. He said he didn’t think it’d replace cash tomorrow, but he was quite open to the idea 20 or 30 years down the line. He was also quite familiar with cryptocurrencies and joked that there were now thousands of them.”

It’s no secret that digital payments are usurping cash. But for the BOE official to recognize bitcoin as the digital currency that will eventually replace cash – even if it’s in two or three decades – is a strong display of confidence in the peer-to-peer currency. Even the cryptocurrency ecosystem knows that it is a marathon and not a sprint, so Haldane’s forecast probably resonated with many people. Some industry leaders such as BitMEX’s Arthur Hayes has previously suggested that bitcoin could replace cash a lot faster than that. But the fact that a central banker and the CEO of a bitcoin exchange are in the conversation is certainly a bullish sign for bitcoin.

60 Minutes Effect

As CCN previously reported, CBS show “60 Minutes” will be airing a segment on bitcoin this weekend. Anderson Cooper has already interviewed Charlie Shrem for the program.

The bitcoin pioneer tweeted:

“This Sunday 60 Minutes will air its first bitcoin episode ever. I really enjoyed explaining why crypto is important to Anderson Cooper and what its future holds!”

This Sunday @60Minutes will air it’s first #Bitcoin episode ever. I really enjoyed explaining why crypto is important to @andersoncooper and what ifs future holds!

Want to hear more ? I just dropped the first 5 episodes of UNTOLD STORIES! Tune in now at

— Charlie Shrem (@CharlieShrem) May 18, 2019

2019 is proving to be the year of resilience for bitcoin. Whoever decides to be against the No. 1 cryptocurrency is going to be in for a long ride.

Don't bet against Bitcoin, and don't bet against B…

— CZ Binance (@cz_binance) May 13, 2019


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Bitcoin Price Forecast: BTC/USD Volume Could Indicate A Breakout

Bitcoin’s daily volume spike could create a necessary condition for a breakout. Traded price ranges continue to constrict. Bitcoin’s Bullish… Read More

4 hours ago

Billionaire Tim Draper: Bitcoin Will Hit $250,000 By 2022

Billionaire venture capitalist Tim Draper told BlockTV that in the next several years, Bitcoin could reach $250,000 per coin. "$250,000… Read More

4 hours ago

Maduro Mandates Petro-Financed Public Housing Scheme in Venezuela

Embattled Venezuelan leader Nicolas Maduro looks to expand Petro adoption through a new housing initiative. | Image: REUTERS /THIRD PARTY.… Read More

4 hours ago

Malware InnfiRAT Targets Bitcoin And Crypto Wallets

The malware named InnfiRAT could be stealing bitcoins and cryptocurrency wallet information. It is usually downloaded through email attachments and… Read More

4 hours ago

Bitcoin (BTC) Interest in China Driven by Price Action News

Share Tweet Send Share Baidu search trends in 2019 show Chinese bitcoin interest being driven largely by price action news.… Read More

4 hours ago

Crypto and the Latency Arms Race: Crypto Exchanges and the HFT Crowd

Max Boonen is founder and CEO of crypto trading firm B2C2 . This post is the second in a series… Read More

4 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More