Bitcoin Firmly Holds Above $5,200, Altcoins Turn Green with Bulls Back in the Game

  • Alex Morris
    📰 News

    The road to $5,300 is way too long, but Bitcoin in moving steadily to hit that target
     


Bitcoin Firmly Holds Above $5,200, Altcoins Turn Green with Bulls Back in the Game
Contents

Bitcoin is hovering above the $5,200 level after a minor price uptick of 2.20 percent. At the time of writing this article, the coin’s price is at $5,227.

Bitcoin

(CoinMarketCap: the top 5 coins register minor gains)

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Bitcoin is vying to hit $5,300

After a small bump in the road, the Bitcoin price continues to go grow after starting the week on a bullish note. During the weakened, as reported by U.Today, Bitcoin recovered from its short-lived correction that sent its price back to the $5,000 level.

Now, the real question is whether Bitcoin will manage to surpass its YTD peak of $5,417 that was recorded on Apr. 10. As reported by U.Today, Forbes analyst claimed that $6,000 would be an easy target for Bitcoin.   

Bitcoin charts

(CoinMarketCap: Bitcoin finally gains traction after remaining stable throughout the day)

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Even Bitcoin SV is up

Bitcoin SV, the embattled Bitcoin Cash forked that recently plunged 24 percent due to the delisting controversy, also followed the overall bullish trend with its price registering a minuscule 1.13 percent increase over the last hour. Overall, the coin is done by more than 30 percent in just one week.

Bitcoin Cash, which recorded an intraday high of $324.80, showed an inverse price trend. Roger Ver’s coin is unlikely to be affected by the SBI Virtual Currencies snub.

Image by U.Today

Cover image via u.today
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Bitcoin Now for Sale in 21 More US States Thanks to Coinstar-Coinme Expansion

  • Yuri Molchan
    📰 News

    The US-based network of coin-to-cash kiosks Coinstar expands its BTC-buying service to 21 more US states


Bitcoin Now for Sale in 21 More US States Thanks to Coinstar-Coinme Expansion
Contents

As reported by U.Today previously, a chain of kiosks, Coinstar, joined forces with Coinme ATM provider and now enables customers to buy BTC in its terminals.

The cooperation started off early this year and people have been able to buy BTC in selected supermarket locations in the US.

Now, it is time to expand, increasing the number of locations with BTC ATMs.

100 more BTC outlets added

Coinstar has expanded to bring its crypto ATMs to 21 new US states, plus adding them into the District of Columbia.

Approximately, 100 new BTC-selling outlets have been set up to let people invest in the major crypto asset. Previously, the service was offered only in fewer than 20 states.

The total amount of locations where these ATMs are available now exceeds 2,200. The details were shared on Wednesday by Coinme.

Anyone can buy Bitcoin now through these outlets, using USD banknotes, as coins are not accepted. The maximum amount that BTC can be bought with at a time is $2,500.

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Coinstar plans further rollout

As per Jim Gaherity, the CEO of Coinstar, the response to the service was positive and the demand for purchasing Bitcoin was “overwhelming”. This prompted the company to plan further expansion later this year.

Presently, the company offers the crypto purchasing service in the following states: Seattle, Chicago, Boston, Washington D.C, etc.

When the cooperation began, the Coinstar-Coinme BTC ATMs were available in just a few locations – California (Safeway and Albertsons chains), Washington and Texas. In April, they placed crypto terminals in a few more major stores.

By now, Coinstar runs more than 20,000 crypto ATMs in almost ten countries. The majority of these terminals are located in the US.

Cover image via 123rf.com
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