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Home Cryptocurrency news Bitcoin

Bitcoin Surges 40% In Minutes After Briefly Breaking $3,900

Nick Chong by Nick Chong
12 months ago
in Bitcoin
Reading Time: 1min read
“Striking” Fractal Shared by Accurate Analyst: Bitcoin to Soon Explode Past $9,000
Advertisement

At long last, Bitcoin has bounced after Thursday’s brutal performance. Just recently, the price of the leading cryptocurrency hit $5,800 on Coinbase, rallying from the $3,850 low seen just minutes ago. This marks an 18% rally.

It isn’t clear why this has rallied so hard, though the surge in the price of the cryptocurrency coincided with a short outage in the service of BitMEX, which briefly crashed after a record day. It may also have been related to an investor longing Bitcoin.

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Bitcoin just jumped $1,800, 40%, in three minutes on Coinbase.

What. The. Hell.

— Nick Chong (@_Nick_Chong) March 13, 2020

Regardless of what exactly happened, one thing is for certain: there will continue to be mass volatility in the cryptocurrency markets over the next few days as liquidity rapidly leaves the market.

Featured Image from Shutterstock
Tags: bitcoinvolatility
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Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

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