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Money of the Free: Bitcoin Is About to Have Its Best Independence Day Ever 

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Thu, 07/04/2019 - 14:48
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  • The US Founding Fathers would have had their own mining farms if Bitcoin had existed during their lifetime
     

Cover image via U.Today
Contents

Bitcoin, the cryptocurrency that brings its holders financial freedom, celebrates its fifth consecutive Independence Day in the green. In fact, it might be its best day to date. 

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Another breakout is possible

According to Coindesk, 2019 could be the fifth year in a row when Bitcoin ends Independence Day on a positive note. CoinMarketCap data shows that the number one cryptocurrency has already risen 4.46 percent over the last 24 hours, currently sitting at $11,842.  

After suffering a minor pullback, the BTC price is yet again on the verge of hitting $12,000. If that translates into reality, Bitcoin will have its best 4th of July to date. The gains it recorded during the previous four years were comparatively meager with 3.16 percent in 2017 being its best Independence Day performance to date.

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The United States of crypto 

The United States of America, with its penchant for freedom and innovations, is the country that made Bitcoin happen. While we have no idea about the nationality of Bitcoin’s anonymous creator Satoshi Nakamoto, the US is the biggest cryptocurrency market and much of the development within the crypto space is taking place there.   

U.Today congratulates all of our US readers, who represent the heftiest chunk of our audience, with Independence Day and wishes more freedom-loving Bitcoin pumps!

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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