LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Bitcoin moves near $7,000 after Square's Cash app gets crypto trading approval in New York

Bitcoin is trading today at $6,762.04, above 4.24%, with a market valuation of $115.65 billion, as per CoinMarketCap. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Bitcoin moves near $7,000 after Square's Cash app gets crypto trading approval in New York
Representational Image: Photo: Pixabay
Written By: ZeeBiz WebTeam
Updated: Tue, Jun 19, 2018
04:36 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Gold or Bitcoin? See what fear-ridden investors have gone and done now Gold or Bitcoin? See what fear-ridden investors have gone and done now
Bitcoin bubble! Cryptocurrency nosedives below $10,000 - Where exactly is BTC headed now? Bitcoin bubble! Cryptocurrency nosedives below $10,000 - Where exactly is BTC headed now?
The Bulls of Safe haven! Gold price not alone, Bitcoin too has skyrocketed, crossing $13k-mark - Is it right time to bet?   The Bulls of Safe haven! Gold price not alone, Bitcoin too has skyrocketed, crossing $13k-mark - Is it right time to bet?
Bitcoin alert! Cryptocurrency on fire again - here is why; check this list of fortunate events Bitcoin alert! Cryptocurrency on fire again - here is why; check this list of fortunate events
From $19,000 to $3,578, this Bitcoin year is a bittersweet symphony; is it end of this cryptocurrency? From $19,000 to $3,578, this Bitcoin year is a bittersweet symphony; is it end of this cryptocurrency?

Today turned out to be a good day for cryptocurrencies, especially Bitcoin, as it was moving near $7,000-mark. This performance was witnessed after New York's Department of Financial Services sanctioned a virtual currency license Square to allow investors of the Cash app in the state to trade. Bitcoin has been in talks for so long that now people can understand what’s happening with the coin as this cyber currency is tumbling for nearly six months. Bitcoin showed a great movement by touching nearly $20,000-mark, but it later entered below $10,000, and further went down to almost $6,000 in month of June. 

Bitcoin was trading today at $6,762.04, above 4.24%, with a market valuation of $115.65 billion, as per CoinMarketCap. In the previous trading, Bitcoin was trading at $6,447.55 mark down by 1.51%, which was new low compared to April 1, when it stood near $6,572.66. The market cap of Bitcoin yesterday stood at $110.61 billion. 

According to a CNBC report, New York's Department of Financial Services yesterday granted Square a virtual currency license, allowing users of the Cash app in the state to trade Bitcoin. 

Reportedly, Cash is owned by Square and has 7 million monthly active users, the company said in its first quarter earnings call. 

Meanwhile, a CNN report added, investors have become more optimistic and bullish on the market, due to the abrupt surge in the volume and price of BTC within a small 2-hour period. If investors want to see BTC remain above the $7,000 mark in the short-term, it will have to reverse the bearish sentiment by restoring the volume and continuing the current upwards trend of BTC.

Phillip Nunn, CEO of The Blackmore Group and Wealth Chain Group, earlier in Bitcoinist report said, "The price of Bitcoin in the year of 2018 would reach a bottom of $6,000 and a high of $60,000. At the time of the prediction, the price of Bitcoin had pulled back a large percentage of its run-up to an all-time high in mid-December of almost $20,000 and was sitting at just over $10,000."

Bitcoin was trading at $14 on January 2013, but it grew 141,825.71% or 1419.26 times by December 17, 2017, and clocked $19,869.60-mark. If Bitcoin manages to gain $60,000-mark, it will grow by a behemoth 4,28,471.43% or 4,285 times from the 2013-level.

In India, one Bitcoin is priced at Rs 4,57,716.85. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Bitcoin pricecryptocurrencySquare cash app
RELATED NEWS
Gold or Bitcoin? See what fear-ridden investors have gone and done now Gold or Bitcoin? See what fear-ridden investors have gone and done now
Bitcoin bubble! Cryptocurrency nosedives below $10,000 - Where exactly is BTC headed now? Bitcoin bubble! Cryptocurrency nosedives below $10,000 - Where exactly is BTC headed now?
The Bulls of Safe haven! Gold price not alone, Bitcoin too has skyrocketed, crossing $13k-mark - Is it right time to bet?   The Bulls of Safe haven! Gold price not alone, Bitcoin too has skyrocketed, crossing $13k-mark - Is it right time to bet?
Bitcoin alert! Cryptocurrency on fire again - here is why; check this list of fortunate events Bitcoin alert! Cryptocurrency on fire again - here is why; check this list of fortunate events
From $19,000 to $3,578, this Bitcoin year is a bittersweet symphony; is it end of this cryptocurrency? From $19,000 to $3,578, this Bitcoin year is a bittersweet symphony; is it end of this cryptocurrency?

LATEST NEWS

Exclusive: JBM Auto focusing on manufacturing electric buses, ED Nishant Arya tells Anil Singhvi; scrappage policy to benefit company, he says

Airbag for front-seat passenger made mandatory from THIS date

Reliance Jio low-cost laptop 'JioBook' that runs on Android coming soon; Here's all you need to know

West Bengal, Assam Assembly elections 2021: After TMC, BJP likely to release candidates lists today

7th Pay Commission Latest News: Central government employees' alert! one mistake could cost you your LTC claim—check report

NEET 2021 exam: Check here the latest update on dates and all you need to know for registration before appearing in the test

PPF Calculator: You can double Public Provident Fund income and save income tax outgo - you will need this help

Ind vs Eng Test: Rishabh Pant's flamboyant hundred puts India on top against England

Trinamool candidate list West Bengal Election 2021: TMC chief Mamata Banerjee announces candidates for 291 seats, to contest from Nandigram; See FULL LIST

TMC Candidates List 2021 - Names of 291 candidates announced for West Bengal Elections; See Complete List Here

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved