STEEM price freaking out as Samsung rumours are squashed
Over the past several days, as the rumours of a corporate takeover built, heavy buy volume (much of it from Korea) suddenly pushed STEEM's price upward and out of the long-term bear market, while the price of Bitcoin and other cryptocurrencies remained flat!
Look at that volume over the past few days - and it's only getting heavier. Is an announcement from Samsung (or a denial from Steemit) coming soon?
Also notice a smaller buy volume spike just before Christmas, when insiders first heard the Samsung rumour.
Please notice what happens when priced in BTC:
(I'm just bringing together what I see as the knowns, and making a bit of my own analysis. I have no insider info.)
All the best to everybody on the Steem blockchain!
EDIT: @socky has confirmed (below) that Samsung did not buy Steemit. I wonder what the heavy buy volume from Korea over the past week has been about?