Cryptocurrencies surge as Bitcoin jumps 50% in June

Bitcoin has had a phenomenal year so far; with five consecutive months of bullish momentum the digital asset climbed nearly 300% this year.

Bitcoin has seen a revitalisation following a dismal run in 2018. Last year, we saw Bitcoin drop approximately 83% from its all-time high of $20,000. The steady decline led to interest fading in the digital currency. This in turn led to questions surrounding its long term survival. However, 2019 has seen renewed interest from investors, and institutions as the price has now reached a yearly high of $13,000.

The recent surge in price, which now puts Bitcoin up 50% for June alone, comes as The Commodity Futures and Trading Commission (CFTC) gave approval to LedgerX to offer physically-delivered Bitcoin futures. The Crypto asset management platform has become the first to offer the service to institutional and retail customers. This move is good for Bitcoin and shows a growing acceptance of cryptocurrencies in markets.

The next step will be to see if Bitcoin can reach a new all-time high in 2019.

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Customers can you trade cryptocurrencies with Tradeview, including Bitcoin, Ethereum, Litecoin and Ripple. Uphold is a payment gateway that serves over 184 countries, allowing for ease of use and storage of digital assets.

If you need support starting your trading journey, please email rboltman@tvmarkets.com to assist you. Keep up to date with new on Tradeview’s Rhino Report here.

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Ryan Boltman
Ryan Boltman
Business Development Manager South Africa
rboltman@tvmarkets.com