Bitcoin Price Jumps as Square Case gets a BitLicense from New York State

[AlexanderPetrex]

Bitcoin prices have increased due to the fact that the state of New York approved a BitLicense for the Square’s Cash App that can now be used for Crypto Trading. The Square Cash App has approximately 7 Million monthly active users, as reported by Square Inc.

You Can Now Trade on Square cash  Just Read Here...  https://www.globaltechinsights.com/bitcoin-stock-jumps-as-square-case-gets-a-bitlicense-from-new-york-states-financial-department/

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[BrewMaster]

this sounds pretty interesting and i believe this can be considered as a legit good news but this was one of the most disappointing rises of all times. price is pretty much the same as it was before. a rise would mean going back to $7k levels and staying there which has not yet happened.

in any case this Sqare Cash thing seems like a good adoption case which can help many start accepting bitcoin payments and send bitcoin to others as payment. it may not have exploded the market as we hoped for but in the long run i am sure it will contribute a lot to the adoption and the price rise.

[rodalutor]

I don't think that the price jumped but this is some good news. It's nothing major right now but it's just one more small step in the right direction and it reminds people bitcoin is still very relevant. While many may have stopped and backed away with this dip you can be sure that the more savvy people and corporations are continuing to look in to bitcoin and are preparing for the future.

[Raypok]

Square Inc. is a very promising company, on my radar for some time now . The stock price is in a strong uptrend since early 2017, with a +/- 400 % return since then.
With this license they will attract more users interested in crypto. Less then 10% of the people living in the USA (Square's market) are invested in Crypto, so there is a lot of room for growth there. Both Square Inc as Bitcoin price will profit from this in the long run in my opinion. One step forward to mass adoption....

[mk4]

Topic: Bitcoin Price Jumps as Square Case gets a BitLicense from New York State

It's funny how we're now referring to a $100 increase as a "price jump" now. Whereas if this would be months ago then we wouldn't even notice the $100 increase.

Anyway though, Square is a huge huge deal. People already use Square, both bitcoiners and non-bitcoiners. So bitcoin being available on Square, makes purchasing of bitcoin less tedious as people wouldn't need to register on another platform like Coinbase.

Also, Like BrewMaster said, this might be the news that would slightly pull the price higher. Though people shouldn't expect this to occur in a snap of a finger. It will take time.

[carlisle1]

Bitcoin prices have increased due to the fact that the state of New York approved a BitLicense for the Square’s Cash App that can now be used for Crypto Trading. The Square Cash App has approximately 7 Million monthly active users, as reported by Square Inc.

You Can Now Trade on Square cash  Just Read Here...  https://www.globaltechinsights.com/bitcoin-stock-jumps-as-square-case-gets-a-bitlicense-from-new-york-states-financial-department/

d

I guess this is indeed,looks like were heading up this moment as im checking the market time by time and this is a good impact,i hope this will continue atleast upto $10,000 before manipulated again by this whales,in just an hour price came up 100$ and i believe what you have posted is great news,maybe this is time to celebrate guys

[palle11]

I just checked on cmc to see the current price of bitcoin after seeing the title of this thread but it is still in $6708. I mean this price jump title is miss leading except OP means in the future, then an editing of the title will be fine.

Meanwhile, the news of the app trader is good for the market and it will help crypto price not only btc because is not only btc is traded. It is paired in cryptocurrencies.

[Marlo Stanfield]

Bitcoin prices have increased due to the fact that the state of New York approved a BitLicense for the Square’s Cash App that can now be used for Crypto Trading. The Square Cash App has approximately 7 Million monthly active users, as reported by Square Inc.

You Can Now Trade on Square cash  Just Read Here...  https://www.globaltechinsights.com/bitcoin-stock-jumps-as-square-case-gets-a-bitlicense-from-new-york-states-financial-department/

Ah, the infamous Bitlicence. Where the guy who ushered it in left after to go into the crypto business himself. Aka put up a huge wall for potential competition.

At least this is good news though. 7 million new potential users is pretty huge.

[dothebeats]

Probably one of those scenarios that seem to be a big news but tends to deliver nothing on the current price. Personally, I think Square gaining its bitlicense is a big news albeit the slump of a reaction the market expressed. Effects aren't really seen or observed overnight but rather on a long term. This move will benefit traders and non-traders that wants to acquire bitcoin and uses Square cash at the same time. No big jumps for now but once people got the hang of it, gradually over time, people will see that this is indeed a positive news and something to be celebrated.

[jeffer8035]

if you hear that news is an application that is in the state of new york square "s that looks very good and that moves around 8,000 million dollars and is legalized and will accept as 5 cryptocurrencies apart from the bitcoin this will trigger the prices and the bitcoin use in new york is going to make impreterable I hope to go to that city and try that application

[AngelJoshua]

I noticed too that the price today are increased a bit, But this is really a great news I hoped it will lead bitcoin to increase more than a little percent But I know sooner the price will going to be fine again and I hope the green market will started also soon.

[lizardbtc]

Sadly this goes to another click bait tittle, good job OP! Anyways I don't see any huge increase within prices as bitcoin is doing within these prices like for a while now. It could mean maybe tommorow for price increase but honestly this doesn't give me any reason. As honestly first time I hear about square and NY, remember USA is not the only country that has crypto lovers, neither is the NYC the only city out there with people who have crypto.

[pawanjain]

I wouldn't say that the price has spiked up but would rather say that the price has recovered from the recent price fall due to the hack of the exchange.
The price is now pretty much the same as 2 days ago. We could have called it a spike if the price would have increased by a $1000 .
The news is good though since it might lead many investors to invest more into BTC. These kind of positive news is much needed in the market right now.

[cryptohunter]

this is obviously being held down now after so much good news lately anyway ...... although when they are ready to let it rise and push it up that will be a nice little ride waiting to happen.

[TahuDiniHari]

Bitcoin prices have increased due to the fact that the state of New York approved a BitLicense for the Square’s Cash App that can now be used for Crypto Trading. The Square Cash App has approximately 7 Million monthly active users, as reported by Square Inc.

You Can Now Trade on Square cash  Just Read Here...  https://www.globaltechinsights.com/bitcoin-stock-jumps-as-square-case-gets-a-bitlicense-from-new-york-states-financial-department/

this is great news, we know New York is the center of one of the major cities in the United States. this will have a huge impact, with this news will provoke bitcoin market turmoil for the better. 

[walemil]

I just saw this development and it is a very promising one. However, i have only noticed a little rise in the price of Bitcoin and not a jump. I am hopeful that we will see more impact of this news as more people hear of the it.

[Kprawn]

I think the other thing that also pumped the price a little was the announcement that Tether can prove that every Tether are

fully backed by USD reserves. Source//: https://tether.to/fss-report-transparency-update/  This might have soothed some

investors nerves and this might spark a new round of investments in all Crypto currencies, including Bitcoin. The BitLicense

impact will take some time, before it is reflected in the price.  

[franky1]

jumped?

unless there is a 10%+ rise that then remains. there is no 'jump'
1-10% movements daily/weekly are normal.

i think the op needs to expand his chart away from the hourly /daily view where 1-3% movements look massive on display. and instead take a look at the monthly price to notice any drastic out of place movements in more of a wider landscape.

and if more drastic movements beyoond the norm occur then find the news worthy reason for why the price might have actual underlying value reasons a price should increase and stay at a new LOW. rather than social drama/adoption that comes and goes frequently

[vktrglbr]

Good news for market! in general now a lull that something is expected. I believe that up no down

[cryptohunter]

I think the other thing that also pumped the price a little was the announcement that Tether can prove that every Tether are

fully backed by USD reserves. Source//: https://tether.to/fss-report-transparency-update/  This might have soothed some

investors nerves and this might spark a new round of investments in all Crypto currencies, including Bitcoin. The BitLicense

impact will take some time, before it is reflected in the price.  

that is good news I was not aware of this.

well that's another huge cloud seemingly vanquished.