Chinese Cryptocurrencies Rally After President’s Remarks – October 28

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $9,482

Bitcoin price soared a whopping $3,000 over the weekend, one of the largest rises the currency has seen over a two-day period. Price has settled under the $10,000 mark.

Altcoins are also in the green, with Chinese coins leading the way after Xi Jinping’s statements regarding blockchain. Bitcoin Cash is up almost 5% in the last 24 hours, with XRP and Ethereum remaining relatively stable.

Top Stories for October 28, 2019 πŸ”₯

πŸ‘‰ Chinese Cryptocurrencies Rally After President’s Remarks

The president of the People’s Republic of China, Xi Jinping, has announced that the country needs to “seize the opportunity” of blockchain.

Chinese-based cryptocurrencies have rallied hard following the announcement, along with WeChat search queries for terms including “blockchain” and “Bitcoin”.

πŸ‘‰ Bakkt Bitcoin Futures Set Yet Another All-Time-High

Bakkt daily trading volume has spiked once again with the recent Bitcoin volatility, which saw a price rise of $3,000 over just two days of trading.

Futures trading peaked at double the recent all-time-high, setting another new record of 1,179 contracts traded.

πŸ‘‰ Major Chinese Bank Invests in BTC Wallet

China Merchants Bank has invested in BitPie, a highly popular Bitcoin wallet amongst Chinese users.

According to one source, the wallet has the longest history in the Chinese Bitcoin market, with the most users of any wallet in the country.