There's Something Happening All Over The Crypto Market: Bitcoin Surged to $7,700 In Less Than An Hour
At first, I thought Coinmarketcap had an issue with their price feed (happened before), because the charts were looking, all of a sudden, incredibly bullish:
But then I looked for other price sources, and Coindesk is known for generally showing a lower price than CMC. Well, surprise, surprise:
So, something BIG is happening in the crypto market. It may be Soros moving the markets again, it may be the tax season is almost over in US, it may be the most unlucky fat finger in history (triggering an order of few hundreds of millions), it may the biggest bull trap ever, or it may be some news that we don't yet know of. Fact is the price spiked dramatically.
One of the consequences of this Bitcoin surge is that STEEM spike is now abruptly balanced - every time Bitcoin price surges, money flows from alts to BTC, and most of the trading is done by bots these days, so it looks like some algorithms were hit:
Even with this sudden correction, STEEM still has gained more than 10% in value in just a few hours.
Let's see how this plays out.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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Indeed... only big players can manipulate it that way... anyways we were expecting this bull run to start after April 17th... It looks we had under estimated the power of Crypto's.
Playing out pretty well so far and its still the first day. Steem now up over 25%. Sweet...
Trully :D someone saw insane amounts of shorts and decided to rekt them.
Totally bonkers @dragosroua. Interesting to see what's at the bottom of it though. If we'll ever know. 😁
It's both scary and exciting, but we'll never know till it comes. :)
I really hope this all goes up, but maybe it stays this way a couple more days, because I really want to buy more crypto at these prices :))
Interesting times. I wonder what is causing it.
Well it is about time haha! We have been HODL and waiting for so long and I am hoping that this continues from EOS to even Mithril are all up!
Which just proves that TA in crypto currency is just day dreaming, crypto is moved by pure manipulation, you can't predict that, all of these curves and waves and resistance levels are not worth much when what decides what will happen is the pumps or dumps made by a few people.
this time I think is the Rockefeller ))))
Pretty crazy rise....I keep re checking thinking its going to come back down. Keep holding everyone :)