LONDON - Bitcoin soared to its highest in almost five months on Tuesday, pulling smaller cryptocurrencies up with it, after a major order by an anonymous buyer set off a frenzy of computer-driven trading, analysts said.
Today’s gain was probably triggered by an order worth about $100 million spread across U.S.-based exchanges Coinbase and Kraken and Luxembourg’s Bitstamp, said Oliver von Landsberg-Sadie, chief executive of cryptocurrency firm BCB Group. Still, analysts could not point to any specific developments that could explain the mystery buyer’s big order.
Big institutional investors have largely stayed on the sidelines. Concern over security breaches and regulatory uncertainty were cited as reasons for the lack of mainstream enthusiasm in digital coins.
If it's anonymous, how would you know it's one buyer?
Looks like N Korea needs some cash!
MarkONeill94
I just found that that the US treasury yield curve inverted las week. No wonder someone billionaire somewhere is hedging with real value.
Is’nt just fake money?
BitcoinEdu Hard to imagine pulling the trigger on a $100M order... 🤯
Some mobster gotta pay some crooks and launder some money.
Russians. Buying gold too. Putin smelling blood on the horizon.
Is a currency supposed to be a commodity? Fake Money.
It is no more mysterious than what goes on in the stock market everyday.
It was me! It was me! I had some Farmville bucks to cash in...no wait..it was me...I had some bubble coins to sell!
bobscheer 🤷🏼♀️
Another try to scam people again . Shame it should be banned . Mostly money laundering.
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