Bitcoin Holds Above $9,000 and Facebook Libra About to Launch- Good Omens for the Cryptocurrency Market
With a cryptocurrency market cap heading to $300 billion, representing a growth of over 100% in 2019 YTD and Bitcoin solidly above $9,000, the total market looks solid.
Facebook is preparing to launch its native cryptocurrency, Libra, that will bring more awareness to the space. Libra promises to bring many more users into the market, as Facebook boasts an amazing 2-billion users.
Altcoins including Ripple's XRP and EOS have been on the move, as Bitcoin's dominance holds above 50% and the rewards halving is approaching.
As Facebook brings awareness to the cryptocurrency space, Coinbase will be the next step, and volume will increase, leading to increasing cryptocurrency prices. Facebook should consider buying Coinbase.
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Resources:
Picture from Pixabay.
https://coinmarketcap.com/
https://www-wsj-com.cdn.ampproject.org/v/s/www.wsj.com/amp/articles/facebook-unveils-crypto-wallet-based-on-currency-libra-11560850141?amp_js_v=a2&_gsa=1&usqp=mq331AQDoAEC#aoh=15608889303809&_ct=1560888743159&csi=1&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.wsj.com%2Farticles%2Ffacebook-unveils-crypto-wallet-based-on-currency-libra-11560850141
https://abcnews-go-com.cdn.ampproject.org/v/s/abcnews.go.com/amp/Technology/wireStory/facebook-plans-currency-billion-users-63779171?amp_js_v=a2&_gsa=1&usqp=mq331AQDoAEC#aoh=15608890467610&csi=1&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fabcnews.go.com%2FTechnology%2FwireStory%2Ffacebook-plans-currency-billion-users-63779171
