BitPay COO Sonny Singh: Bitcoin Could Hit $15-20K by End of 2019, Chinese Crypto Miners Sell Off Mining Devices ‘by Kilo’ & Other News

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One-minute letter by Cointelegraph What's going on with the crypto markets today? Read our latest price analysis. Cryptocurrency mining operations in China are reportedly selling mining machines by weight, as opposed to price per unit. Sonny Singh, the COO of global crypto payment processor BitPay, has ventured that Bitcoin will hit $15,000 to $20,000 by the end of 2019. Blockchain Intelligence Group's CEO says a three-way combination of factors has resulted in current Bitcoin price lows, but the future is bright. Cointelegraph has reached out to various industry professionals to explore the reasons behind the 10-day slump in the market and what to possibly expect in the coming weeks and months. SPONSORED:  A monetary system that has created digital currencies backed by gold and silver has struck partnerships with exchanges and retailers who are interested in its product. 1.5 mln people follow us on social media

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