LONDON - Bitcoin burst to its highest level in almost five months on Tuesday, sending smaller cryptocurrencies up, with analysts ascribing the move to a major order by an anonymous buyer that triggered a frenzy of computer-driven trading.
Bitcoin surged to near $20,000 in late 2017, the peak of a bubble driven by retail investors that pushed cryptocurrencies onto the agenda of mainstream financial firms. But wide interest waned as prices collapsed, and now trading is mostly powered by smaller hedge funds, tech firms and wealthy individuals.
“If you look at the volumes on each of those three exchanges – there were in-concert, synchronized, units of volume of around 7,000 BTC in an hour”.Analysts could not point to any specific news or developments in the cryptocurrency sector that could explain the mystery buyer’s big order. As bitcoin surged, there were 6 million trades over an hour, Hayter said - three to four times the usual amount, with orders concentrated on Asian-based exchanges.Bitcoin’s surge sent smaller cryptocurrencies, known as “altcoins,” trading higher. Ethereum’s ether and Ripple’s XRP, respectively the second- and third-largest coins, both jumped by more than 10 percent.
Come on georgesoros we know it was you!
I have a strong hypothesis that this price breakout is going to be run up massively by Brexit fears.
They are ugly bitcoins mustard yellow... where can I buy the Golden ones?
s_kamranabidi
Building again for a new crash by the EOY. People are shockingly dumb.
100k december 2019
Someone gearing up for 2020 🇷🇺. GOP
Somebody with a goal of ruining our currency and hoping to make untraceable deposits for uh, legal reasons.
What can you buy with bitcoin? Gas? Food? Housing?
PUMP - DUMP
The pyramid feeding itself.
no shit..usually for things to go up someone has to buy