Bitcoin price hits the highest level in 2019
Bitcoin prices climbed today to reach its highest level so far in 2019.
The digital currency rose to $5,791.21 at roughly 6:00 a.m. EDT, according to CoinDesk price data.
According to CoinDesk, Bitcoin appreciated approximately 8% over the course of 24 hours and was trading at its highest point since November. According to Mati Greenspan, senior market analyst for social trading platform eToro, spoke to this,"this is a significant move because it confirms the continuation of the upward trajectory,"
John Todaro, director of digital currency research for TradeBlock, also emphasized the positive news developments that have materialized lately, which have helped show that digital currencies have been experiencing meaningful adoption.
"You also have had positive reports come out recently, such as Facebook's push to raise $1 billion in capital for its new stablecoin, as well as reports that TD Ameritrade and E*Trade are looking to launch bitcoin and ether trading," he stated.