{"id":108746,"date":"2019-06-21T17:34:44","date_gmt":"2019-06-22T00:34:44","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=108746"},"modified":"2026-04-16T16:04:29","modified_gmt":"2026-04-16T15:04:29","slug":"bitcoin-breaches-10000-following-reveal-facebook-libra","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bitcoin-breaches-10000-following-reveal-facebook-libra\/","title":{"rendered":"Bitcoin breaches $10,000 after markets settle from Facebook Libra news"},"content":{"rendered":"

Bitcoin<\/a> just broke $10,000 after the markets settled following Facebook\u2019s Libra reveal<\/a>.<\/p>\n

The cryptocurrency markets were in the red across the board following Facebook\u2019s Libra announcement, a stablecoin which pundits say is an attempt at a new world currency. Most coins saw low single-digit losses.<\/p>\n

Pundits were divided<\/a> on how Libra would impact Bitcoin. Facebook\u2019s coin could either outcompete Bitcoin, or complement it by expanding the sector\u2019s user base and fostering public interest in cryptocurrency.<\/p>\n

Now, two days after the announcement, it appears the markets have settled and deemed Libra a positive<\/a> development for the crypto space. Both Bitcoin and major altcoins saw two days of robust gains, with BTC now breaching $10,000 resistance<\/a>.<\/p>\n

\"Bitcoin
BTC\/USD chart by TradingView<\/a><\/figcaption><\/figure>\n

The surge in prices is backed by a larger-than-usual reported volume of $21.5 billion, affirming the trend.<\/p>\n

The last time Bitcoin saw prices at these levels were in March 2018, preceding the multi-quarter bear market. In 2017, 18 days after BTC hit $10,000 it reached highs of $20,000.<\/p>\n

Other factors that could be precipitating the continued growth in Bitcoin's price is the halving. A little under a year away, the halving will reduce the block reward from mining from 12.5 BTC to 6.25 BTC, substantially reducing the emission of new coins and increasing the scarcity of the cryptocurrency.<\/p>\n

Other altcoins also pumped alongside BTC. Over the last 24-hours, Ethereum<\/a> rose 8.0 percent to $295.50. Other altcoins that posted extraordinary gains include Bitcoin Cash<\/a>, up 5.3 percent, and Binance Coin<\/a>, up 5.8 percent.<\/p>\n

Now that Bitcoin has passed the $10,000 psychological barrier, advocates say that it may only be a few weeks before it once again hits $20,000.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin just broke $10,000 after the markets settled following Facebook\u2019s Libra reveal. The cryptocurrency markets were in the red across the board following Facebook\u2019s Libra announcement, a stablecoin which pundits say is an attempt at a new world currency. Most coins saw low single-digit losses. Pundits were divided on how Libra would impact Bitcoin. Facebook\u2019s […]<\/p>\n","protected":false},"author":29,"featured_media":77632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15323],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nBitcoin breaches $10,000 after markets settle from Facebook Libra news<\/title>\n<meta name=\"description\" content=\"Both Bitcoin and major altcoins saw two days of robust gains, with BTC now breaching $10,000 resistance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/bitcoin-breaches-10000-following-reveal-facebook-libra\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin breaches $10,000 following reveal of Facebook Libra\" \/>\n<meta property=\"og:description\" content=\"Both Bitcoin and major altcoins saw two days of robust gains, with BTC now breaching $10,000 resistance.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/bitcoin-breaches-10000-following-reveal-facebook-libra\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-22T00:34:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-16T15:04:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/08\/bitcoin-spike-social.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mitchell Moos\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Bitcoin breaches $10,000 after markets settle from Facebook Libra news\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mitchell Moos\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-breaches-10000-following-reveal-facebook-libra\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-breaches-10000-following-reveal-facebook-libra\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/mitchell-moos\/#person\",\"name\":\"Mitchell Moos\",\"url\":\"https:\/\/cryptoslate.com\/author\/mitchell-moos\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/mitchell-moos\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/mitchell-moos\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/11\/author-mitchell-moos.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/11\/author-mitchell-moos.jpg\",\"caption\":\"Mitchell Moos\"},\"jobTitle\":\"Contributing Analyst\",\"description\":\"Mitchell is a software enthusiast and entrepreneur. 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