Huge green candle pushes bitcoin from $4200 to $5000 in minutes, BTC up 15% over past 24 hours ๐จ This article is 6 years old...
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Huge green candle pushes bitcoin from $4200 to $5000 in minutes, BTC up 15% over past 24 hours
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Updated: Nov. 7, 2019 at 2:53 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Within the last week, bitcoin has seen strong upwardย price movement, rising by 19 percent. However, much of that increase was within the last hour, with a massive amount of purchasing activity pushing the price of BTC from $4,190 to $5,000 on Coinbase Pro, a 19 percent jump.
Within the last hour, several large green candles have pushed the price of bitcoin from $4,190 to $5,000. The source of the large purchases is unknown, though it is likely from one, or several, whalesโspurring the rest of the market into action.
That said, some have raised concerns about price manipulation:
6% in under 15 minutes. No illegal market manipulation here, no sir.
— Bitfinexโed (@Bitfinexed) April 2, 2019
Meanwhile, in combination with strong upward price movement, there are a growing number of people within Crypto Twitter that believe the indicators suggest the bear market could be coming to an end.
how can you possibly be bearish$btc $btcusd #bitcoin pic.twitter.com/JN94mqqN2d
— The Crypto Dog? (@TheCryptoDog) April 1, 2019
However, with something as volatile, new, and unpredictable as bitcoin, itโs likely impossible to know whether the bullish trend will continueโbut many are optimistic.
Update: Prices changed to reflect more recent price movement.
Bitcoin Market Data
At the time of press 2:53 am UTC on Nov. 7, 2019, Bitcoin is ranked #1 by market cap and the price is up 13.06% over the past 24 hours. Bitcoin has a market capitalization of $82.25 billion with a 24-hour trading volume of $12.45 billion. Learn more about Bitcoin ›
Crypto Market Summary
At the time of press 2:53 am UTC on Nov. 7, 2019, the total crypto market is valued at at $157.63 billion with a 24-hour volume of $40.37 billion. Bitcoin dominance is currently at 51.23%. Learn more about the crypto market ›
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