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At press time, the price of everyone’s favorite cryptocurrency has shrunk back to $ 6,900. This is about $ 100 less than where it stood yesterday.
Bitcoin was trading for about $ 6,900 on Saturday, though it shot back up to the $ 7,000 range yesterday afternoon. It appears the bear run isn’t quite over yet, as bitcoin is still experiencing instability in its present status.
McDonald’s will celebrate the 50th birthday of its flagship Big Mac burger by issuing its own “tangible” currency, the company revealed this week.
MacCoin ‘Transcends Currencies’
As the company explains in a press release Sunday, the ‘currency,’ dubbed ‘MacCoin,’ will serve as a means of rewarding customers with free burgers and also serve as a collector’s item.
“…We wanted a global celebration as unique as the burger itself,” McDonald’s said.
The MacCoin transcends currencies to commemorate our global iconic burger while giving customers all over the world a chance to enjoy a Big Mac on us.
At press time, the father of cryptocurrency is down somewhat and trading for $ 8,077. This is about $ 100 less than where it stood yesterday afternoon. While this isn’t something to necessarily worry about, it does bring up some interesting notions regarding bitcoin.
While the currency does appear to be sparking curiosity throughout the investor arena, a new Gallup poll and research conducted by Wells Fargo shows that only about two percent of Americans are invested in bitcoin and crypto. There is curiosity about bitcoin, but it hasn’t reached the mainstream acceptance we’ve all hoped for. People simply haven’t put their money into it the way they have with stocks and bonds.
At press time, the father of cryptocurrency is up by roughly $ 20 from yesterday and is now trading for $ 8,195. Bitcoin has been on the verge of a dramatic comeback over the past few days, and though the currency is “standing still” for the time being, we can be grateful that it had the strength and the stamina to rise to its present position.
Things weren’t as easy or as stellar-looking in early July. Bitcoin’s future appeared dark and dreary; the coin repeatedly found itself dropping further until it eventually reached $ 5,800 – a number lower than anything bitcoin had struck over the past several months.
At press time, the father of cryptocurrency is in the high $ 8,200 range – a bit higher than yesterday. This is a good sign that current support stands strong, and bitcoin is not dropping any lower.
According to one source, however, the currency’s upcoming resistance could potentially put its bull run to a temporary end, though little evidence is given except for a few technical indicators appearing on present charts. Either way, bitcoin is slated to stay between $ 8,000 and $ 8,250 in the short-term.
Venezuela will remove five zeros from its ailing currency, the bolivar, and peg it to its controversial Petro cryptocurrency, President Nicolas Maduro said in a public broadcast July 26.
Maduro: Bolivar Will ‘Anchor Petro’
The Bolivar, which had become so inflationary that online gaming tokens such as World of Warcraft gold were a more stable store of value, is currently worth just $ 0.0000083.
“The economic re-conversion will start on August 20 definitively with the circulation and issuance of the new Sovereign Bolivar,” Maduro confirmed.
Venezuela is replacing its national currency, the bolivar, with a new one that will reportedly be tied to its controversial “petro” token.
At press time, the father of crypto is back up to $ 7,500. This is a hugely positive sign that bitcoin is regaining traction in the monetary market and moving up the financial ladder.
24 hours ago, bitcoin had slumped slightly to $ 7,400. While $ 100 is never a huge deal, it made many wonder if the sudden jump beyond the $ 7,000 mark – a position that many analysts had been waiting for – was a fluke, and bitcoin was still being subjected to sell-offs and bear activity. It appears this isn’t the case, as not only has bitcoin reached its previous mark, but most technical experts are of the sentiment that bitcoin will remain bullish for some time.
So, the father of crypto has dropped a bit. At press time, bitcoin is down by roughly $ 100 and is now at $ 7,400. This is not a big deal, however, and granted bitcoin can stay above the $ 7,000 line, enthusiasts and traders likely have nothing to worry about.
Indeed, the currency has come a long way over the past few weeks. Early this month, the coin dropped to the $ 5,800 mark, causing widespread panic and fear amongst most enthusiasts, and several found themselves wondering about the future of the coin. Could it regain its position on the financial ladder, or would it sink into oblivion?