Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send a Sats as a tip to a writer. Each and every one of our writers has an active tipping widget.

  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

Biggest Bitcoin Rally Since April 2018 Underway

written by

Biggest Bitcoin Rally Since April 2018 Underway

Support free journalists: > send a tip

The biggest Bitcoin rally since April 2018 is underway. Currently, Bitcoin’s price is near USD 7,450, heading back towards yesterday’s high of USD 7,500, a 10% increase from the day before. On 12 July 2018, Bitcoin’s price was near USD 6,200, so this represents a USD 1,100 price increase in less than a week. This corresponds to a USD 20 billion increase in the Bitcoin market cap from USD 106 billion to USD 126 billion, indicating a large amount of fresh investment.

The last time Bitcoin saw such a significant rally was in early April 2018 when Bitcoin’s price climbed from roughly USD 6,600 to USD 8,000 in less than a week. The rally continued after that through early May, with Bitcoin’s price briefly nearing USD 10,000. Bitcoin’s price went into a steep and steady decline after that, but this trend is finally being broken by the current rally.

Per usual, other cryptocurrencies are following Bitcoin’s lead and they are rallying. As of this writing, the overall cryptocurrency market cap is at USD 291.5 billion, and earlier in the day exceeded USD 294 billion. The crypto market cap is up more than USD 20 billion today alone and up approximately USD 50 billion in the past week.

There is no clear smoking gun for the 10% price rally today. There has been positive news in general regarding increasing institutional investment and the launch of properly licensed cryptocurrency custodians like Coinbase, BitGo, and Xapo which will further accelerate institutional investment.

Perhaps the most exciting potential news would be the SEC’s approval of a Bitcoin exchange-traded fund (ETF), which is possible in mid-August. SolidX and VanEck have developed BZX, a Bitcoin ETF which would be listed on the Chicago Board Options Exchange (CBOE), which is the same exchange that already has Bitcoin futures contracts. Apparently, BZX has the best opportunity out of any ETF so far to be approved by the SEC since it uses actual Bitcoins and addresses other concerns that caused previous Bitcoin ETF applications to fail. The SEC opened up BZX to public comment and many positive comments are pouring in.

It is possible that the current Bitcoin rally is the result of investors getting in early before the Bitcoin ETF is given official approval. If it were to be approved it could cause a massive rally, since it would allow Bitcoin to be purchased with the same ease as purchasing a stock on all the major stock trading platforms.


Follow on Twitter at

Telegram Alerts from at

Image Courtesy: Pixabay

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter