Recap | Bitcoin breaches $10,000 | Algorand token sale implies $6 billion market cap | Bitcoin is the 11th largest monetary system in the world
|CryptoSlate||Jun 22, 2019|| 6|
Bitcoin just broke $10,000 after the markets settled following Facebook’s Libra reveal. The cryptocurrency markets were in the red across the board following Facebook’s Libra announcement, a stablecoin which pundits say is an attempt at a new world currency.
Algorand, a Boston-based blockchain company, raised over $60 million in a token sale held on CoinList.
Washington State recently passed SB5638, “recognizing the validity of distributed ledger technology,” to much fanfare in the local community.
Facebook’s newly announced stablecoin has been the focus of the entire industry, as many experts believe it could act as a gateway for Bitcoin for its 2.4 billion-strong user base.
The top three altcoins seem to have entered a bull market as more investors show signs of fear-of-missing-out.
eToro, one of the leading social trading platforms, published its analysis of the Libra whitepaper, saying that it was a seismic moment for global finance.
Bitcoin’s current market capitalization would make it the 9th largest monetary system in the world, ahead of the Korean won and behind the Russian ruble.
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