After heading south to go under the $10,000 mark, Bitcoin appears to be getting back to its trading ways after it climbed above the $10k mark. The coin has been struggling for the better part of 2019 until the bulls stared taking control in June.

The dipping earlier this week from the $13k threshold t under $10k has kept those holding the coin dear wondering who wants the coin dead. A section of crypto analysists have attributed the south drift to the Libra hearing which has been made worse by president Donald Trump’s comments that he is not  crypto fan.

Facebook Libra Distracting Bitcoin

There has been a lot of hype from the Libra project and the ongoing scrutiny of the Libra coin is Washington D.C is an eye opener to lawmakers who have no idea the difference between Bitcoin and altcoins or “other cryptocurrencies.”

However, it has come to light that the Facebook system will just be another PayPal riding on blockchain which is gaining popularity by the day. A section of lawmakers feel Libra should have offered Bitcoin services instead of starting a new digital con from scratch.

Can’t Kill Bitcoin

Patrick McHenry, a U.S representative has been quoted as saying that BTC cannot be killed. It is after these words that the coin price is trading on the rise and set to go back to the end of 2017 glory. The current spike has seen that of major altcoins follow suit to trade in the green

The entire Libra ecosystem is trying to ape Bitcoin and it is the trend especially for corporates who are pretending to embrace blockchain for enterprise. this is one of the reasons why the U.S, led by the Senate Banking Committee is keen on the direction the Facebook’s Libra coin takes.