Bitcoin flirts with 15-month high, lifts shares of crypto plays
24/06/2019 12:44
** Cryptocurrency stocks advance as bitcoin BTC=BTSP tests
its 15-month high, having crossed $10,000 level over the weekend
** Bitcoin was last flat at $10,834.4, after slipping only
once in the last 13 days of trading and climbing ~40% in value
in that period
** Ethereum's ether ETH=BTSP hovers at 10-month high,
while Ripple's XRP XRP=BTSP nears 7-month level
** Analysts pointing the recent blast in cryptocurrencies
prices to Facebook unveiling its Libra digital coin last week
** Blockchain company Riot RIOT.O climbs 7%, currency
miner Marathon Patent MARA.O rises 3.7%, internet shopping
company Overstock.com OSKT.O gains 2.4%
** Xunlei Ltd XNET.O advances 3.3% and DPW Holdings
DPW.A jumps 9.3%
** Libra, the social media giant's entrance to the stable
coin world, could become bitcoin's biggest competitor, but now
it is validating the crypto space and sending all the major
digital coins higher - Edward Moya, senior market analyst at
OANDA
** Bitcoin volatility is likely to persist, with $12,000 and
$15,000 as the next two critical resistance levels, Moya adds
** Bitcoin has nearly tripled in value so far this year but
still remains ~80% away from its all-time high in 2017
(Reporting by Medha Singh in Bengaluru)
((medha.singh@thomsonreuters.com))