Share this article
Bitcoin's Price Rises Above €10K in First Since January 2018
Bitcoin's price topped €10,000 on Tuesday, hitting the highest level seen since late January 2018.
Updated Sep 14, 2021, 1:52 p.m. Published Jun 25, 2019, 6:00 p.m.
Bitcoin's price topped €10,000 on Tuesday, hitting its highest level (in euro-denominated terms) in 17 months.
The cryptocurrency rose to €10,024 at 13:10 UTC today – a level last seen on Jan. 21, 2018 – according to CoinDesk's Bitcoin Price Index, as prices refreshed 15-month highs in US dollar terms with a move above $11,400.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
As of writing, BTC’s EUR-denominated exchange rate (BTC/EUR) is trading at €9,939.40, representing 2.75 percent gains on the day. On a month-to-date basis, BTC/EUR is up about 28.7 percent, while BTC/USD is flashing a 31.2 percent price rise.
Bitcoin’s underperformance in EUR terms could be associated with the fact that the 17-nation currency has strengthened 2 percent against the greenback this month. The investors have sold the greenback across the board on rising odds of an interest rate cuts by the US Federal Reserve.
Looking forward, BTC/EUR may continue to lag BTC/USD as interest rate futures are pricing a 100% chance the Fed will cut rates at the end of July. More importantly, markets are betting on a high probability that the US central bank will reduce rates two more times after that.
The performance differential may narrow or could flip in favor of BTC/USD in the near future if the focus shifts from the Fed to strengthening expectations of fresh monetary easing by the European Central Bank (ECB).
BTC/EUR weekly chart
Bitcoin has retraced more than 50 percent of the bear market drop and is currently 260 percent from the low of €2,780 seen in December 2018.
The cryptocurrency is looking overbought at 17-month highs, as per the above-70 reading on the 14-week relative strength index.
The price, however, is showing little signs of bullish exhaustion, with the Chaikin money flow reporting strongest buying pressure since December 2016.
The bullish outlook would be invalidated if the price invalidates bullish higher lows, higher highs pattern with a move below the May 30 high of €8,191.
Disclosure: The author holds no cryptocurrency at the time of writing.
Euro coins image via CoinDesk archives; charts by TradingView
Mehr für Sie
Was Sie wissen sollten:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Mehr für Sie
Stellar Edges Higher to $0.251 Despite Altcoin Market Apathy
Trading volume surged 19% above weekly averages as XLM consolidated around critical $0.25 support level.
Was Sie wissen sollten:
- XLM gained 0.85% to $0.251 while underperforming broader crypto market by 0.45%.
- Trading volume spiked 19.36% above 7-day average, signaling institutional interest.
- Price established volatile consolidation pattern with $0.25 emerging as key support.
Top Stories
