Bitcoin Price Touches $8,100 As Coinbase Announces Support for XRP in New York

todaysgazette.com 2019-05-13 23:08
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For most crypto lovers, the harvest time is now as Bitcoin touches $8,100 after seeing over $1,000 addition to its value.

Different development happened in the crypto space today. While it may be easy to link the present BTC price upsurge to the Bakkt, Microsoft or Boerse Stuttgart announcement, Bitcoin has been showing signs of bull run for close to a week now. During this period, Bitcoin moved to $7,000 in a twinkle of an eye.

Since the 2017 bull run, so many developments have been added to the cryptocurrency space. While these additions were supposed to push the price of Bitcoin higher, they could not, until the price of the digital asset went up in a surprising manner last week.

At the moment, Bakkt, Microsoft, Fidelity, TD Ameritrade, Facebook and even J.P. Morgan have joined the cryptocurrency world with full force.

Bitcoin in the market

In the last few minutes, Bitcoin had jumped above $8,100 mark on Coinbase. However, using data available on CoinMarketCap, at the time of writing, BTC is changing hands at $8,040, after seeing close to 15% price upsurge in the last 24 hours.

As Bitcoin maintains price increase, United State equity markets are seeing price decrease. What led to this is the announcement that China would increase tariffs on around $60 billion U.S goods due to the ongoing trade war between the two countries.

Ripple’s XRP opens for Trade in New York, Says Coinbase

Coinbase has announced that its customers in the New York can now trade Ripple’s XRP on the exchange.

Coinbase said in a tweet: “XRP (XRP) is now available to Coinbase users who are New York residents. New Yorkers can now log in to buy, sell, convert, send, receive, or store XRP on http://Coinbase.com  or using our iOS and Android apps.”

Coinbase first announced support for XRP in February. However, users in the New York City were unable to trade the digital asset. Now, with the addition of XRP, around 6 assets are tradable in New York using Coinbase platform.