[2019-06-17] Bitcoin Climbs Above $9,000 For First Time in Over a Year

[VanguardVale]

Bitcoin leaped across the $9,000 mark on Sunday, boosted by reports that Facebook is soon set to launch its own cryptocurrency.

The world’s largest digital coin traveled as high as $9,381.82 in the last 24 hours, according to CoinDesk’s bitcoin price index. The last time bitcoin hit a level as high as $9,000 was May 2018. Bitcoin is up 140% since the start of the year. It pared gains slightly on Monday though, dropping 1.5% to $9,157.59.

The more than one year high comes amid news that Facebook is reportedly set to launch its own crypto token as early as Tuesday. Several news outlets have leaked details of the venture, with one saying it will let Facebook employees take their salary in the form of the new currency. Bitcoin has made a stunning turnaround in 2019, after a miserable year for the asset that saw it plunge more than 70% over the course of 2018. Other digital currencies also tumbled, but have experienced a similar rise, with ether more than doubling and XRP up 23% year-to-date.

Bitcoin Climbs Above $9,000 For First Time in Over a Year Amid Facebook Crypto Talk

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[Lucius]

Another example of poor journalism or better to say copy /paste from other sources like this one https://bitcointalk.org/index.php?topic=5154832.0 , but with one difference, author is saying that this is first time BTC is above $9000 from May 2018, which is not true since this has already happened this year, very recently on May 30.

I do not know what is worse, author who can only copy / paste, OP who is posting such garbage, or that someone thinks FB shit coin has some influence on bitcoin price.

[Schirer]

I do not know what is worse, author who can only copy / paste, OP who is posting such garbage, or that someone thinks FB shit coin has some influence on bitcoin price.

Agree, it is stunning that so many news articles tries to explain the BTC movement by some other irrelevant news or even speculation in crypto space.

The price action have not yet convinced me completely of return of BUll market. until the price have not been over  10k for some time, i tend to think that this is a bear market bull run and we will retreat ~30% once we hit 10000. These are just my thoughts tough.

[CryptoBry]

Bitcoin leaped across the $9,000 mark on Sunday, boosted by reports that Facebook is soon set to launch its own cryptocurrency.

While I am happy that Bitcoin is now back at the $9,000 level, saying that it became possible because Facebook is about to launch its GlobalCoin made my eyebrows rose. I really don't see the connection in between the two as GlobalCoin is an independent project and though this will not be negatively impacting bitcoin I also don't see it benefiting bitcoin that much. Anyway, let's just enjoy what bitcoin achieved so far this year and hopefully it will soon push through the $10,000 zone.

[Kemarit]

I do not know what is worse, author who can only copy / paste, OP who is posting such garbage, or that someone thinks FB shit coin has some influence on bitcoin price.

Both, we can compare them to shitposters around this community. But to be honest, what does FB coin has to do with Bitcoin price, does it mean that people will invest on those so called FB coin and then throw some money on Bitcoin as well? First time to climb above $9000 this year? LOL. Those authors are really full of garbage and I don't think we can see worst journalism that crypto related websites. Good thing though that through experience and been in the ecosystem for so long, we can smell those articles from a far.

[1Referee]

I really don't see the connection in between the two as GlobalCoin is an independent project and though this will not be negatively impacting bitcoin I also don't see it benefiting bitcoin that much.

It's even funnier when so called experts state that Bitcoin has bottomed around $3000 because JPMorgan announced their "crypto" coin. It's especially ironic because most of these baboons were saying that Bitcoin had to dip under $1000 first in order to bottom. It's so easy above $8000 to say the bottom is in and tie it to whatever event that played out around that time......

The only way FB's coin might impact Bitcoin is if crypto exchanges list BTC/FB pairs just like there are BTC/USDT and BTC/USDC. More potential liquidity.