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Moves above $5900 for first time this year
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For the second month in a row, the largest cryptocurrency has stayed above EMA200
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Mystery buyers has Bitcoin soaring
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The leading funding method for online gambling and pay per head businesses, Bitcoin, continued to hit a 6-month high Tuesday morning. Bitcoin broke the $5,900 support for the first time in 2019. Overall, this resulted in a 24 hour increase of near 3%.
The bulls continue to defy the odds pushing the price past key resistance levels, CoinPage noted Tuesday morning.
For the second month in a row, the largest cryptocurrency has stayed above EMA200.
Other major cryptocurrencies such as ethereum and Ripple’s XRP, their prices often seen as correlated to bitcoin, also continued to move higher.
A "mystery buyer" appears to have placed a substantial transaction that could be tied in with the price jump. Exchanges in Luxemburg and the US seem to have processed a single transaction of $100,000,000.
Some online gambling sites report upwards of 70% of all transactions via Bitcoin.
- Aaron Goldstein, Gambling911.com
