Bitcoin Inches Closer to $10000 Levels, Adds $500 to In a Single Day Surge

All eyes of the entire cryptocurrency community are on Bitcoin currently, as the world’s largest cryptocurrency inches closer to its crucial resistance and milestone of $10000. Over the last 24 hours, Bitcoin (BTC) price has surged by $500 moving past $9700 levels.

At the press time, Bitcoin is trading at $9729 with a market cap of $172 billion. Moreover, the overall cryptocurrency market cap is also just short of $300 billion, and currently at $294 billion.

A number of crypto heavyweights and experts have recently turned bullish for Bitcoin and say that once it crosses the $10000 milestone, it will shoot further on a new rally. Co-founder of crypto exchange Gemini, Tyler Winklevoss stated that “If bitcoin breaks 10k, you can bet it’s going to break 15k”.

Besides, the latest developments taking in and around Bitcoin suggests that it is all poised for the next big rally in the crypto market. On Wednesday, June 19, the San Francisco-based Lightning Labs, the company that focuses on Bitcoin’s second-layer scalability solution has released its new mobile application. Lightning Labs developer Tankred Hase notes that soon upon the launch nearly 2000 users have downloaded their application on both iOS and Android platforms.

The Bitcoin wallet developed by Lightning Labs is completely non-custodial thereby allowing users to hold the keys to their assets while sending instant payments of less than $1500. Hase said: “It’s non-custodial, we don’t hold their funds, but it is a paid service because it requires us to use funds for liquidity and to allow that on the backend. I like the Amazon Web Services analogy because it allows the other startups to focus on their business logic while Amazon takes on the infrastructure.”

The developers are also working on another roadmap that allows users to receive instant funds through a process called the Lightning Loops. The company is also planning to launch a monetized service for merchants and other players who have to frequently receive funds.

Citing the growing adoption of Bitcoin, Chicago-based over-the-counter cryptocurrency trading platform DigitalMint installed Bitcoin kiosks at nearly 20 convenience stores of Circle K. The DigitalMint ATMs will allow crypto enthusiasts to buy and trade Bitcoin, Litecoin and Ethereum tokens worth $20,000 in a single day. The company will be charging nearly 12% commission on each transaction.