Bitcoin Rises Against Red Market

Against all odds, Bitcoin continued to rally on Friday morning in Asia while the crypto market traded in the red.

Bitcoin traded 3.95% higher to $6,311.6 by 11:52 PM ET (03:52 AM GMT) after reaching the key $6,000 level the day before. This is the strongest momentum the digital coin garnered since the beginning this year.

However, other cryptocurrencies traded lower on Friday morning. Ethereum shed 0.17% to $171.18, XRP was down 2.24% to $0.29385, and Litecoin lost 2.48% to $73.415.

But thanks to Bitcoin, the total market cap still managed to rise to $190.4 billion from $188.7 billion the day before.

Facebook continued to be in focus among the crypto traders. Bloomberg reported that the social media giant could launch its own cryptocurrency as soon as next quarter.

The newswire cited an anonymous source, saying that in Facebook’s team responsible for the blockchain project, one fifth of the members used to work at PayPal. It further claimed that it signifies Facebook’s ambition to integrate payments into its platform.

According to the report, Facebook is already testing regular payments through a product called WhatsApp Pay.

 Trader Milko Zashev

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