Daily Cryptocurrency Tracker 27.5.19: Will Bitcoin reach $9,000?

After showing relatively lower volatility over the weekend, the cryptocurrency market was seen higher over the past 24 hours, as all top 10 cryptos registered gains. At the time of writing, Bitcoin was up more than 8%, climbing above the $8,700 mark for the first time this year.

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Litecoin climbs 11%

While all top 10 cryptos were seen higher over the past 24 hours, Litecoin was the only one to register double digit gains. At the time of writing, Litecoin, currently ranked 5th overall by market cap, was up more than 11%, reaching price levels not seen since June of last year. Litecoin also leads the top 10 in weekly gains, climbing more than 22% over the past 7 days.

Highly volatile investment product. This is not investment advice. Your capital is at risk.

Report: Facebook to launch crypto next year

The long-rumored Facebook cryptocurrency may be officially introduced next year. According to a report by the BBC, the social media giant will be launching “GlobalCoin” during the first quarter of 2020. According to the report, Facebook consulted with high-level members in the US Treasury, and even Bank of England Governor Mark Carney, regarding regulatory issues surrounding its new coin.

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Cryptocurrencies can fluctuate widely in price and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance is not an indication of future results. This is not investment advice. Your capital is at risk

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