Bitcoin price heads toward $10,000 as Coinbase launches a tool for merchants to accept crypto for payments

  • BTC/USD is up 5% on the day; $9,500 resistance turns into support
  • Coinbase commerce solution encourages merchants to take payment in cryptocurrencies

Bitcoin price continues to climb higher on a combination of technical factors and positive fundamental developments.

Cryptocurrencies may become a traditional means of payment sooner rather than later. 

A cryptocurrency exchange Coinbase has launched Coinbase Commerce, a new service that will allow merchants to accept Bitcoin, Bitcoin Cash, Ethereum and Litecoin payments directly to their wallets.  Merchants can start accepting payments in cryptocurrencies after a simple registration process. Only an email address and a phone number are required.

«We’ve already integrated with Shopify, one of the largest multi-channel commerce platforms, and are actively adding more integrations to make accepting cryptocurrency as easy as possible» - the company explains in its press release.

Earlier we have reported about Litecoin payment solution.

Looking technically, BTC/USD is trading at $9,720, demonstrating 5% growth since the start of the day. Now that the coin cleared the $9,500 resistance, the next big target at $10,000 comes into focus. It is followed by 50% Fibonacci retracement level at $10,287. The nearest support level is seen at $9,500.

BTC/USD, daily chart
BTC/USD, daily chart

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