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Newsflash: Bitcoin Price Crosses $6,300 as Trading Volume Spikes

Newsflash: bitcoin price crosses $6,300 as trading volume spikes

Newsflash: Bitcoin Price Crosses $6,300 as Trading Volume Spikes


Newsflash: bitcoin price crosses $6,300 as trading volume spikes
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The bitcoin price briefly crossed $6,300 on Friday after a surge in trading volume led to a significant price swing.

bitcoin had languished below $6,000 for most of the day after dipping below that mark on Thursday. That changed at approximately 22:30 UTC, when a sudden spike in trading volume hurled the bitcoin price above the $6,000, $6,100, and $6,200 marks in quick succession.

The flagship cryptocurrency ultimately rose as high as $6,302, its highest mark since June 25, though it has since receded back to a present value of $6,238 heading into Saturday morning.

Bitcoin price
Btc price chart

bitcoin currently has a $106.4 billion market cap, which translates into a 24-hour increase of more than five percent. Perhaps even more notably, the rally brought bitcoin’s weekly chart into positive territory, and BTC is now up 1.18 percent over the past seven days.

The total cryptocurrency market cap, meanwhile, has recovered to $249.3 billion after declining as low as $232 billion on Friday during intraday trading.

There does not appear to have been a clear trigger for the rally. There has been renewed hope of the possibility of U.S. regulators approving a bitcoin ETF in the near future, but past denials have likely taught investors not to buy the rumor on these discussions.

Click here for a real-time bitcoin price chart.

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Published at Sat, 30 Jun 2018 00:24:04 +0000

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Investors Called to Action as Bank4YOU Group ICO Prepares for October 26 Launch

London, UK – Bank4YOU Group will launch an ICO campaign during the last week of October in order to accelerate the goal of scaling its service rollout across Africa, Asia, and Latin America. An indicative estimate for the total funding requirement is $50 million, which can be used to support the company’s expansion into new markets and to develop enhanced services (including consumer micro-loans and incorporation of bitcoin or other cryptocurrencies within its money transfer services).

[This is a press release.]

David Agar, CEO of Bank4YOU Group, said:

The World Bank estimates that two billion people are without access to formal financial services with more than 50 percent of adults in the poorest households being unbanked. […] As a company, we recognize that financial inclusion is the main point to reducing poverty and boosting prosperity. With our new blockchain-enabled Mobile Money Remittance Service (MMRS) we intend to play a very active part in making this happen.

Agar will present the demo version of the product at Finovate Asia 2017 in Hong Kong during the ICO campaign.

According to Bank4YOU Group board, the project’s originality is concentrated in the Blockchain technology, the structured chain of data within the decentralized platform. The ICO’s purpose is the development of the MMRS, which is the first convergence of cryptocurrencies with mobile network operator accounts.

The company aims to develop an innovative electronic payment system, which would enable:

  • safe execution of cross-border mobile money transfer between countries
  • possibility to withdraw funds in local currency using local mobile operator products such as mobile money and mobile airtime

The ICO campaign will begin on 26 October and end on 16 December 2017. Within this project, the company will issue 300.000.000 BFY tokens of Bank4YOU Group. The referral program, along with the bonus system, can be found on the company’s ICO website (www.bank4you.io).

About Bank4YOU Group

Established in 2013 and headquartered in London, UK, in 2016, Bank4YOU transformed into Bank4YOU Group, an international consortium of fin-tech service companies operating within the electronic mobile payment services arena. FCA License No715451, issued by the UK’s Financial Conduct Authority authorizes Bank4YOU to provide credit.

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Images courtesy of Bank4You Group

The post Investors Called to Action as Bank4YOU Group ICO Prepares for October 26 Launch appeared first on Bitcoinist.com.

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