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RE: Why The Price Of Steem Doubled In One Day

in #steemit8 years ago (edited)

Thanks. I noticed that bitshares, which Dan started as well, increased in price too recently. Could have something to do with the Bitfinex's recent illiquidity issues that @lpfaust mentioned in the comments above.
People holding bitcoin on that exchange transferring into other coins so they can cash out would explain the spike in price of some altcoins, including Steem, without any major news.