Author

Topic: [2016-05-30] TechCrunch: Bitcoin price jumps 21 percent over 4 days, reaching... (Read 333 times)

sr. member
Activity: 406
Merit: 250
Yeah crazy things are going on now in the crypto world.
This is what exactly happend the past days, and it will continue to do so:
legendary
Activity: 2436
Merit: 1561


Bitcoin price jumps 21 percent over 4 days, reaching a 21-month high

http://techcrunch.com/2016/05/30/bitcoin-price-jumps-21-percent-over-4-days-reaching-a-21-month-high/

Quote
Bitcoin is back! Or at least, there are positive signs indicating that bitcoin might not be as dead as everybody thought. Bitcoins are now trading at $547.40 on Bitfinex (the largest USD/bitcoin exchange according to Bitcoinity). And it represents a big 21.4 percent price jump over just four days.

Today’s price represents a 21-month high. Surprisingly, bitcoin prices had been relatively stable for the last two months before this weekend’s jump.

What’s the reason behind this jump? It’s hard to say. Huobi and OKCoin, the two dominant Chinese exchanges, have seen many new sign-ups, as well as many buy orders.
...
Jump to: