Bitcoin Continues To Surge As Alt-Coins Struggle For Traction

Investing | June 20, 2019 By:

Bitcoin is now above the $9,300 mark, up slightly more than two percent on the day and continuing its strong surge. Trading volume was again enormous, as the godfather cryptocurrency appears poised to test the $10,000 mark.

Alt-coins didn’t fare as well. Ether was up less than one percent to $268, and Binance Coin was boosted just over three percent. The rest of the top ten was down from one to three percent.

The longer-term good news is that futures listed on the Chicago Mercantile Exchange (CME) are witnessing record open bets, which indicates strong institutional interest as the price continues to rise.