“Peculiar” BTC Price Action Sparks Volume Surge

Submitted by Aaron Goldstein on

Written by :

Aaron Goldstein

Published on :

“Peculiar” BTC Price Action Sparks Volume Surge

The price of Bitcoin shot above the $10,000 mark for the first time since February.

Here is what we know:

Investors are buying the largest cryptocurrency at five figures, not selling. 

According to data from monitoring resource Coin Metrics on June 2, one 10-minute period alone saw trading volume hit a giant 3,500 BTC. 

As markets climbed to highs of $10,340, exchanges saw a sudden surge of interest, with Bitfinex specifically producing what Coin Metrics described as “very strange” behavior. 

“#Bitcoin prices on Bitfinex just did something very strange and are now trading at a $40 premium to the rest of the market,” the company tweeted. 

- Aaron Goldstein, Gambling911.com

Related Content

Bet on All Things Jensen Huang, NVIDEA:  Next CEO, Net Worth, Testifying Before Congress

Bet on All Things Jensen Huang, NVIDIA: Next CEO, Net Worth, Testifying Before Congress

Shocking news in the world of AI as Nvidia CEO Jensen Huang resigns after his affair raises national security concerns. Ian Buck leads the way but with only a 35% chance at the prediction markets.
Bet When Jensen Huang Will Leave Nvidia CEO

Bet When Jensen Huang Will Leave Nvidia CEO

Traders at the prediction market Kalshi are giving Nvidia CEO Jensen Huang a 35% chance of stepping down before January 1, 2028. That's just over two years from now and those odds are still low.
Crash test dummy at laptop

Pay Per Head for Dummies

Gamblilng911.com looks at the benefits of using a Pay Per Head throughout the year, and it is here where we need to impress upon folks that sports betting does NOT end when the Super Bowl winner is declared. 
Bet25.com Launches Zero Margin Sportsbook to Eliminate Hidden House Edges

Bet25.com Launches Zero Margin Sportsbook to Eliminate Hidden House Edges

Every sports bettor deal with the same issue: traditional sportsbooks hide extra profit margins within their odds. Bet25 is changing this with the Zero Margin Sportsbook, setting the new rules of sports betting.