Bitcoin’s Surge This Morning Shows Market's Vulnerability

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Bitcoin prices spiked this morning, climbing close to 8% in a matter of minutes at a time when the market has been experiencing low volatility and modest trading volumes

Bitcoin prices spiked this morning, climbing close to 8% in a matter of minutes at a time when the market has been experiencingThe digital currency reached as much as $7767.91 around 8:20 a.m. EST, having climbed 7.7% in less than 30 minutes, CoinDesk figures show.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]When explaining bitcoin’s recent rally, several analysts emphasized the market’s current state, noting that its lackluster trading volume left it vulnerable to large traders making sizable transactions.

“It all points to the assumption that this was the outcome of a single player with a large buy order. Or in other words... a large whale stacking sats.”“With this unusually low volume crypto markets have experienced, any single, large transaction has an [outsize] impact,” he stated.

 

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ارتفعت أسعار البيتكوين هذا الصباح ، وتسلقت ما يقرب من 8 ٪ في غضون دقائق في وقت كان فيه السوق يعاني من تقلبات منخفضه واحجام تداول متواضعة. وصلت العملة الرقمية إلى $7767.91 حوالي الساعة 8:20 EST ، بعد ان ارتفعت بنسبه 7.7% في اقل من 30 دقيقه ،

البتكوين من 7 قروش او 7 سنت الى 20000الف دولار وهاهى تعود من جديد الى الارتفاع

Probably some politician getting paid in bitcoin...and they're having to source bitcoins...

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