The reason for the rise of Bitcoin price?

in #bitcoin5 years ago

If this is true, it's one of the best examples why people don't trust cryptocurrencies.

"Bitcoin's jump was seemingly caused by a mysterious 20,000 BTC order. The order, helped BTC/USD trading pairs get at 75% of the cryptocurrency’s total trading volume for a short time, up from its usual 15%. The recent 20,000 BTC order – worth nearly $100 million – was spread access Coinbase, Kraken, and Bitstamp."

Source:
https://www.cryptoglobe.com/latest/2019/04/bitcoin-reached-a-five-month-high-thanks-to-a-mysterious-20000-btc-order/

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Makes you wonder who's pulling the strings...

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