Bitcoin (BTC) price breaches $14,000 mark, Monero enjoys bullish run

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Bitcoin (BTC) price breaches $14,000 mark, Monero enjoys bullish run

Bitcoin price is currently going through a superb bullish run with the cryptocurrency surpassing milestone after milestone in quick succession in matter of hours.

Just yesterday we reported that Bitcoin has set a new high by surpassing $13,000 levels and in a matter of hours it has not only breached $14,000 levels but also en route to set a new high of $15,000.

The world’s first and largest cryptocurrency has managed to expand its market cap well above $200 billion mark with the dollar figure representing an 1200{354c91d6c770f51e2d958086b609baaa0554bba184b320adf9922a4fa7c1531f} gain since the turn of the year, when bitcoin began trading at $1,000 on January 1st.

There is no signs of slowing down and settling for a value considering that bitcoin is currently at a constant upward trend and is records continue to tumble.

As of this writing Bitcoin is trading at $14,470 thanks to continued optimism in global markets. Bitcoin is currently 16 per cent higher than yesterday. Market data on CoinmarketCap, which accounts trading in global markets and factors in price premiums, shows bitcoin price peaking above $14,500.

Monero reaches new high

At a time when expect bitcoin almost all other cryptocurrencies are on a declining trend (read correction) Monero is gaining substantially with the cryptocurrency trading at near $300 levels as of this writing. Just yesterday we pointed out that XMR had reached a new high of $250 and in a matter of few hours it has gained 20 per cent to reach $300 levels.

One of the reasons behind the increase could be that the privacy-focused digital currency revealed Tuesday that it is providing a new online shopping initiative, enabling music fans to purchase merchandise from 45 artists, including Mariah Carey, Motorhead, G-Eazy, Fall Out Boy, and Toby Keith.

Monero’s Project Coral Reef initiative is a community-driven effort designed to bring more awareness to Monero’s secure and private system, reports Billboard.

Launched in partnership with payment processor GloBee, and Manhead Merchandise and Global Merchandising Services, both of which are music merchandising companies, the initiative will provide discounts to customers, including 15 percent from Carey’s store.

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