Bitcoin Approaches $8,000 Again as Top Cryptos See Strong Gains

Bitcoin drop caused by 5000 BTC dump CME futures gap filled bull signal

You Can Now Send and Receive Bitcoin on Whats App

Users of major instant messaging platform WhatsApp can now send and receive Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH), via this program by using the Lite.IM bot, developed by Swiss blockchain startup Zulu Republic, the company announced on Sunday.

The price of bitcoin, the flagship cryptocurrency, has recently surpassed the $8,000 mark in a move some believe is extremely bullish and could help it go up to $20,000. With this surge, Bitcoin is now up 115 percent till date. Looking at its weekly chart, the coin is up close to 11%.

It's now unclear what's behind the cryptocurrency's rise, although some have pointed out tensions between the United States and China may be helping, as bitcoinj's price has been moving up when trading volumes are higher on Asian exchanges.

As Cointelegraph reported earlier today in a dedicated analysis, figures published by bitcoin core developer Luke Dashjr show that more than half of the full nodes in the bitcoin network are still running client software vulnerable to an inflation bug discovered in September 2018.

Holding onto its position, Ether (ETH) has the largest altcoin by market cap, which now stands at $26.83 billion.

At press time, BTC is trading at $8,055 after rising 10% in the last 24-hour period, according to CryptoCompare data. The second-largest altcoin, XRP, has a market cap of $16.9 billion at press time. At press time, ETH is trading around $254.

Ether 7-day price chart.

XRP is also up about 7% over the last 24 hours and is now trading at around $0.40. On the week, the coin is up over 28%.

A recent report claims that the European Central Bank stated that cryptocurrencies do not have implications on monetary policy or factor into the real economy.

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