ForexMinute.com – No matter how hard the impact PBOC has created on Bitcoin prices in the last few weeks, the currency has always managed to break its taboo and emerge from the pits. Last 24 hours in cryptocurrency market also signified the same as Bitcoin, as well as its offspring Litecoin, Dogecoin and other altcoins have risen magnificently.
The rise is also credited to a positive buzz inside the market regarding Bitcoin. At first, renowned online business directory Yelp has announced to endorse businesses which accepts Bitcoin. And now, its celebrated financial news website Bloomberg that has agreed to list Bitcoin prices from Kraken and Coinbase, in response to the rising demand of its readers and subscribers.
The continuous acceptance of this technological marvel into the real economy is enough to create a positive market sentiment, and will surely attract more investors and merchants due to the high exposure. As per now, the aforementioned events are also seeding its positivity into the cryptocurrency clan. Here is the full report:
In last 24 hours, the BTC/USD saw a series of ups and downs. The pair opened superbly at around $451, but soon stumbled a bit and fell to around $447. Though the fall was passable. After reaching the second-half of the day, the BTC/USD again picked momentum amidst the growing interests in the upcoming launch of ‘Dark Wallet’ – a software that would make it easier for anyone to hide Bitcoin transactions from governments.
Although, there were few bumps reserved for BTC/USD ahead it fell sharply to around $438 again, probably because of the new digital currency advisories released by California and New Mexico regulators. However, the pair again surged after the Bloomberg announcement injected confidence in the market. The BTC/USD eventually closed at around $450.
At this time of writing, the pair has surged 4.02% in last 24 hours, and is now priced at $455.26.
Litecoin, Dogecoin, Peercoin too surged
The aforementioned events and their timings remained same for the altcoins as well. While Litecoin shows a significant improvement than its previous day’s performance, Dogecoin and Peercoin too remained stable throughout the last 24 hours.
As per now, the LTC/USD is trading at around $11.27 and risen 9.4% in last 24 hours. While the DOGE/USD has increased over 7% and is priced at $0.000507 at this time of writing. PEER/USD is priced at $2.27, and has increased 7.5%.
To contact the reporter of this story: Yashu Gola at email@example.com
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