Bitcoin Price Climbs Over $19K, Approaches All Time High

Written by:
Aaron Goldstein
Published on:

The Bitcoin surge continues as the cryptocurrency surpassed the $19,000 mark Tuesday morning.


  • Easy to use player management system
  • Set player limits and access
  • Create and Edit your players
  • Daily, Weekly and Monthly Player figures
  • Intuitive and reliable reports
  • Player Risk Management Tools
  • And much more - Learn More Here


  • sports betting
  • Live Betting
  • Player Prop Bet Builder
  • horse racing
  • digital casino
  • live dealer casino
  • access to our telephone service - Learn More Here

Bitcoin is a popular payment method utilized by online gambling sites and Pay Per Head businesses especially in more restrictive markets, though digital currencies are now being embraced industrywide.

Bitcoin was trading about 4.25% higher on Tuesday morning at $19,207, according to data from industry site CoinDesk.  The all time high was $19,783 hit is December 2017.  From there the price dropped dramatically throughout 2018. 

With the likes of Fidelity Investments, Square and PayPal embracing Bitcoin, many experts see sustained stability in the cryptocurrency.

Last week, Americas Cardroom CEO Phil Nagy confirmed that Bitcoin represented some 90%–95% of all cashouts.  This has forced the popular online poker room to purchase millions in bitcoin a day to meet the demands of exiting players.

“We are constantly having to go out and buy bitcoin, lots. Lots. More than we’ve even had to before.” 

Holders often look to liquidate Bitcoin on sites amid dips, according to Bloomberg News.

A XRP flash crash affecting the popular Coinbase exchange did little to drag the price down outside of a brief drop towards $18000 Monday.   Coinbase had been trending on Twitter as a result.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Bitcoin Hits One-Week Low as Rising U.S. Yields Dent Rally

Bitcoin Hits One-Week Low as Rising U.S. Yields Dent Rally

Cryptocurrencies plunged on Monday, with bitcoin dropping more than 12% to a one-week low

Bitcoin Hits $38,000 for First Time, Pushing Cryptocurrency Market Value Past $1 Trillion

Bitcoin Hits $40,000 for First Time, Pushing Cryptocurrency Market Value Past $1 Trillion

Bitcoin smashed through $38,000 to hit a new record high on Thursday as the cryptocurrency’s massive rally continues, then the $39,000 mark just prior to 11 am ET, and by afternoon the price peaked at $40376.

PayPal Backs Crypto Tax Startup Taxbit

PayPal Backs Crypto Tax Startup Taxbit

PayPal Holdings Inc’s venture arm has made an investment in Salt Lake City, Utah-based tech startup Taxbit, which helps consumers and businesses calculate the taxes owed on cryptocurrency holdings, the companies said on Thursday.

Bitcoin Crosses $30K Mark First Time Ever

Bitcoin Crosses $30K Mark First Time Ever

Digital currency Bitcoin extended its record smashing rally on Saturday, beginning the year with a surge over $30,000 for the first time, with ever more traders and investors betting that it is on its way to becoming a mainstream payment method.

Bitcoin Climbs Over $29K

Bitcoin Climbs Over $29K

Bitcoin, the digital currency preferred by online gambling sites in restrictive markets, has shot to 29,230.10 Wednesday evening.