Crypto has gone mainstream thanks to Facebook. The world’s most famous cryptocurrency benefitted from Facebook’s Libra announcement, evidenced by Bitcoin’s steady rise in value this week. Crypto experts believe that the social media giant’s announcement actually prompted mainstream interest into cryptocurrency and its underlying Blockchain technology.
Analytics by The TIE, a crypto analytics provider, stated that Bitcoin (BTC) was boosted by fundamental news. The Libra Coin announcement played a massive role in driving Bitcoin to $10,000. After Facebook’s official partners list for Libra Coin was revealed on June 14th sentiment on Bitcoin almost immediately flipped positive leading significant upwards price movement.
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