Major cryptos surge after bitcoin suddenly rises from the dead

Bitcoin Perfect Storm Brewing For Bitcoin Macro Factors Setting Stage For Crypto Rally Nick Chong

By mid-afternoon, it had settled around $4,800, still up 16 percent in its biggest one-day gain since April previous year.

Furthermore, the price of altcoins is strongly correlated to that of Bitcoins, which surge when the latter does. But past year prices collapsed by three-quarters, with trading dominated by smaller hedge funds and crypto-related firms.

"If you look at the volumes on each of those three exchanges - there were in-concert, synchronized, units of volume of around 7,000 BTC in an hour".

Still, all analysts could not indicate any exact developments that could clarify the anonymous and sizeable buyer's big order.

Outsized price moves of the kind rarely seen in conventional markets are common in cryptocurrency markets, where liquidity is thin and prices opaque.

Notre Dame women’s basketball continues their decade to remember in Chicago
Stanford controlled most of the first half, using an excellent defensive effort to keep its high-scoring opponent under wraps. The Cardinal led by nine with 9:02 remaining in the third quarter. "We knew we had to get our stuff together", Young said.

According to Charlie Hayter, who founded the cryptocurrency website CrytoCompare, an estimated six million trades took place an hour when the currency surged.

Bitcoin $100 million worth buy order spread across three exchanges likely to have catalyzed yesterday's surge. And this was the highest single-day gain for Bitcoin since the month of April, 2018. Many altcoins including Litecoin (LTC), Cardano (ADA), EOS (EOS) and NEM posted double-digit gains pushing Bitcoin dominance back to around 50.7 percent of the entire cryptocurrency market.

Traders haven't been able to point to a specific reason for the uptrend that has affected not only Bitcoin, but also the broader cryptocurrency market.

Yesterday's bitcoin jump to the dollar and today's continuation of attempts to consolidate above the $ 5,000 mark that BTC broke through today at 6:00 am Moscow time, analysts already called the "end of cryptozymes".

Yesterday, the long-awaited cryptocurrency market recovery began with an epic bitcoin surge and an overall bull run in the cryptocurrency market. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. In 2018, fears of regulatory clampdowns and declining interest from retail investors saw bitcoin slump by about three-quarters. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Related News:

  • Brexit votes: MPs fail to back proposals again

    Brexit votes: MPs fail to back proposals again

    May said late on Tuesday that she planned to ask Brussels for a further Brexit extension as she tries to avoid a no-deal outcome. Arriving for the talks, Mr Starmer confirmed that a "confirmatory" referendum was among the ideas on the table for discussion.

    RBI cuts repo rate by 25 bps

    He added that there is a slowdown in the global economies as the inflation remains low despite the increase in crude oil prices. On the positive side, the RBI said, higher financial flows to the commercial sector augur well for the economic activity.
    Celine Dion announces Courage World Tour, new album in 2019

    Celine Dion announces Courage World Tour, new album in 2019

    The dates are part of a larger world tour that'll coincide with the release of her new album " Courage " later this year. Team Céline can purchase ticket pre-sales on Monday, April 8 at 10 a.m. through Thursday, April 11.
  • Apple plans to launch a smaller 5.42-inch OLED iPhone in 2020

    Apple plans to launch a smaller 5.42-inch OLED iPhone in 2020

    Remember the iPhone XR which was labeled as the "budget" model? We rather bet it's on the level of the iPhone XR's price range. Indeed, the expectations of numerous Apple fans for a premium yet genuinely compact iPhone may simply be figured it out.
    Biggest questions and boldest predictions ahead of season 8

    Biggest questions and boldest predictions ahead of season 8

    Clarke did admit she was anxious her mom would spill the beans without realizing it. "I wasn't supposed to, I told my mum", said Clarke.
    Turkey: Erdogan, Imamoglu is a 'lame duck'

    Turkey: Erdogan, Imamoglu is a 'lame duck'

    Meantime, all the votes are being recounted in the western Catalca and Silivri districts and the eastern Kartal district. That contrasts with statements from government officials who had insisted that the country's electoral system is fair.
  • Avengers: Endgame smashes ticket sale records going back 19 years

    Avengers: Endgame smashes ticket sale records going back 19 years

    Tickets went on sale for Avengers: Endgame on Monday, which ultimately caused many ticket sites to experience heavy traffic and long delays.
    'SNL' mocks Jussie Smollett case with Sandra Oh

    'SNL' mocks Jussie Smollett case with Sandra Oh

    Competing rallies were held Monday afternoon over Cook County State's Attorney Kim Foxx's handling of the Jussie Smollett case. That curly hair? My career would be outta here, (expletive) running Hollywood. "They said no Jussie Smollett jokes", Rock said.
    Teen tells police he is missing IL  boy Timmothy Pitzen

    Teen tells police he is missing IL boy Timmothy Pitzen

    He'd escaped on foot from a pair of men who held him against his will for almost eight years, most recently inside a Red Roof Inn. There has been a possible break in the case of a missing IL boy last seen in Wisconsin Dells with his mother eight years ago.
  • Paulie Malignaggi Slaps Artem Lobov; Nearly Sparks Brawl

    Paulie Malignaggi Slaps Artem Lobov; Nearly Sparks Brawl

    Former UFC dual-division champion Conor McGregor and boxer Paulie Malignaggi have been at odds for a long time. And so, if this is the guy that I'm gonna be able to get my hands on, he's gonna pay for everyone else.
    Verizon Announces Cell Phone Plan For Children

    Verizon Announces Cell Phone Plan For Children

    Just Kids starts at $55 a month and goes down to $45 and $35 per month depending on the number of lines customers choose. We're well beyond the discussion of whether or not they should have them; now, it's a matter of which models to buy.
    PlayStation Store Updates Refund Policy, Now Includes Pre-Orders

    PlayStation Store Updates Refund Policy, Now Includes Pre-Orders

    If you're the type to second-guess yourself, this could be incredibly handy. just be sure to disable automatic downloads first. When you turn off [Auto-renewal], your subscription will continue until the next payment is due, at which point it will end.


Most liked

Verizon launches 5G service in Minneapolis, Chicago
No other phone sold by the carrier will be able to reach the speeds Verizon promises, leaving very few potential 5G users. First off, don't expect 5G service throughout either the Windy City or one half of the Twin Cities.

Venezuela's top judge seeks to lift Guaido's immunity
Guaido said in a twitter post late Sunday, "We'll see each other in the streets tomorrow", adding, "we will not hide from the dictator".

Deadline for Jussie Smollett to Reimburse Chicago Police $130000 Ends Today
Chicago's WLS-TV reports that three associations representing suburban police chiefs voted to express "no confidence" in Foxx. Foxx has been under fire after her office worked out a deal to drop felony charges against " Empire " actor Jussie Smollett.

Senate Rewrites Rules To Speed Confirmations For Some Trump Nominees
Almost 60 percent of voters said they didn't have a lot of trust or any trust at all in Trump when it came to health care. He then urged Republicans not to "run away" from the issue, saying that if they did, they would get "clobbered".

Brunei introduces death by stoning for adultery, gay sex
Prior to the introduction of the new code, homosexuality was outlawed and carried a punishment of up to 10 years in prison. The Conservative minister added: "The Sultan of Brunei has been a great friend of this country over many years".

Chinese woman accused of trying to infiltrate Mar-a-Lago
The Herald also said that an event promoter who Yang worked with was named Charles Lee. The receptionist alerted a Secret Service agent, who detained Zhang for questioning.

Detained again, Nissan ex-chief Ghosn says latest arrest is 'outrageous'
A spokesman had said earlier its own investigation into Ghosn had uncovered "substantial evidence of blatantly unethical conduct". A spokesman for the Tokyo prosecutors office said he was not aware of any new investigation when contacted by Reuters.

Boeing 737 Max: Ethiopian Airlines pilots reportedly followed emergency procedures before crash
Boeing's procedures instruct pilots to leave the MCAS system disconnected and continue flying manually for the rest of the flight. Boeing is working to submit an upgrade of the software to the U.S. regulators in a couple of weeks and adding extra training.

J.R. Smith gets Nipsey Hussle tribute tattoo
Authorities reportedly refused to let him mingle with the general population because they believe he is a target. J-Roc also promised to look after Lauren London and the rapper's two children.

Kim Kardashian reveals baby name she's considering for fourth child
Kim Kardashian let fans in on her children's ruthless April Fool's Day prank on their father, Kanye West this week. While the prank was a little morbid, Kardashian played along and West came to check things out. "We all weigh in.

Lenovo Foldable Phone will Look Like This
While certainly an interesting design, I'm not sold on the efficacy of the flexible hinge that would allow for an adjustable fold. Currently, Huawei and Samsung are leading the foldable display device race as they're currently developing their own devices.

‘Ah, s***!’ - Guardiola on Liverpool’s ‘terrible challenge’ to Man City
The own goal was the fifth time Liverpool have scored in injury time this season, more than any other Premier League side. Both United and Spurs have four of their remaining six games at home, with Chelsea facing an even three-and-three split.

Alleged New Zealand mosque shooter to face 50 murder charges
The new laws would ban the sale of military-style semi-automatic weapons, the same type of weapon used by the gunman. Several national and global media outlets made applications to film and record Friday's court proceedings.

Reus: Ozil The best I've Played with
Fraser, who has been with Bournemouth since their days in League One, is enjoying his most productive season to date. I want to help my teammates to win the game, so I think we played very well as a team, not just me.

Meghan Markle & Prince Harry Taking ''New Age'' Approach to Pregnancy
The Royal Family set up its official Instagram account, theRoyalFamily, in 2013 and now has five million followers. Her Facebook page had nearly 800,000 likes.