“Peculiar” BTC Price Action Sparks Volume Surge
Published on:
Jun/02/2020
The price of Bitcoin shot above the $10,000 mark for the first time since February.
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.
- 4 Best Crypto Trading Apps, Simulators
- US Turmoil "Watch Bitcoin" Says Billionaire Michael Novogratz
- Bitcoin's Struggle With Halvin and Covid, Will it Continue?
- £800 Ransom Note to PE Firm
- Aaron Goldstein, Gambling911.com
