The price of Bitcoin has increased sharply – that's why

[ad_2][ad_1]<div _ngcontent-c14 = "" innerhtml = "

Bitcoin, & nbsp; what are many investors and traders hoping it will start 2019 with a bang, has jumped sharply in the last 24 hours, adding about 6% and exceeding the psychological threshold of $ 4000 for the first time this year.

The price of bitcoin, which has remained at around $ 3,750 in the last couple of weeks, has risen sharply following an increase in bitcoin trade volume that has led to the original cryptocurrency market capitalization at over $ 70 billion, according to the CoinMarketCap data.

Bitcoin, despite being the most traded cryptocurrency with billions of dollars trading every day, continues to struggle with savage price fluctuations due to so-called market whales that move large amounts of bitcoins above or below 39; current market value.

Just before the peak of the bitcoin market last night a bitcoin whale moved around 2,500 bitcoins (just under $ 10 million) to the Bitstamp exchange in Luxembourg, according to the Twitter Whale Alert price monitoring bot. The move pushed the daily bitcoin volume to over $ 5 billion, a high of 2019.

The rise in bitcoin prices has increased the broader cryptocurrency market, with ether gaining just over 2% in the last 24 hours, while ripple & nbsp; (XRP) added almost 5%.

"A hike of 6.5% in 30 minutes is not entirely rare for bitcoins and could be caused by a single large order on the stock exchange or even a lack of liquidity in the market," said Mati Greenspan, an analyst at senior market at brokerage firm & nbsp;eToro. "The interesting thing about this move is that it brought us above the $ 4000 level and so far it's holding back gains."

Bitcoin is not the only great cryptocurrency to see big owners make big moves lately. Since Friday, over 273 million dollars in ethereum have been transferred to 21 separate transactions, with 10 of the largest transactions from the Bitfinex cryptographic exchange to unknown portfolios, It was reported today by the Daily Hodl business news site.

The biggest move ethereum it was almost $ 19 million.

Meanwhile, the price of bitcoin is supported by news that CoinFlex, originally part of the British bitcoin exchange Coinfloor, has announced plans to offer physical bitcoin futures & nbsp;to Asian investors next month.

CoinFlex's move, reported for the first time by Bloomberg newswire, will put it in direct competition with the & nbsp;New York Stock Exchange and Eris Exchange, both should soon offer similar contracts.

Switching to & nbsp;physical bitcoin futures are considered important to help fight manipulation in the market, with some contracts providing cash contracts that leave unregulated bitcoin and cryptocurrency markets open to abuse. & nbsp;

CoinFlex CEO and co-founder of CoinFloor, Mark Lamb, told Bloomberg that CoinFlex will offer futures contracts for bitcoins, bitcoins cash and ethereum that can be leveraged up to 20 times.

"Cryptographic derivatives could become an order of magnitude bigger than the spot markets and the main thing that would stop growth is the lack of physical delivery," Lamb said. "Volumes are reduced due to a problem of trust when it comes to cash settled transactions."

Elsewhere, the bitcoin SV, a fork of bitcoin cash cryptocurrency, seems close to be out of the top 10 cryptocurrency by market capitalization like those of tron, cardano, stellar and litecoin earn quickly.

Litecoin is up about 10% in the last 24-hour trading period, the industry leader.

Bitcoin SV has had problems with decreasing volumes and lackluster adoption since its battle with bitcoin ABC to control the bitcoin cash network last year.

">

The bitcoin, which many investors and traders hope will start in 2019 with a bang, has made a sharp leap in the last 24 hours, adding about 6% and climbing above the psychological threshold of $ 4000 for the first time this year.

The price of bitcoin, which has remained at around $ 3,750 in the last couple of weeks, has risen sharply following an increase in bitcoin trade volume that has led to the original cryptocurrency market capitalization at over $ 70 billion, according to the CoinMarketCap data.

Bitcoin, despite being the most traded cryptocurrency with billions of dollars trading every day, continues to beat with savage price fluctuations due to so-called market whales that move large volumes of bitcoins above or below 39; current market value.

Just before the peak of the bitcoin market last night a bitcoin whale moved around 2,500 bitcoins (just under $ 10 million) to the Bitstamp exchange in Luxembourg, according to the Twitter Whale Alert price monitoring bot. The move pushed the daily bitcoin volume to over $ 5 billion, a high of 2019.

The jump in the price of bitcoin has boosted the broader cryptocurrency market, with ether gaining just over 2% in the last 24 hours, while ripple (XRP) added nearly 5%.

"A 6.5% peak in 30 minutes is not entirely unusual for bitcoin and could be caused by a single large order on the stock exchange or even a lack of liquidity in the market," said Mati Greenspan, senior market analyst At brokerage company eToro. "The interesting thing about this move is that it brought us above the $ 4000 level and so far it's holding on to gains."

Bitcoin is not the only great cryptocurrency to see big owners make big moves lately. Since Friday, more than $ 273 million in ethereum have been transferred to 21 separate transactions, with 10 of the largest transactions from the Bitfinex cryptographic exchange to unknown portfolios, it was reported today by the commercial news site Daily Hodl.

The biggest move ethereum it was almost $ 19 million.

Meanwhile, the price of bitcoin is supported by the news that CoinFlex, originally a part of the British bitcoin exchange Coinfloor, has announced plans to offer physical futures bitcoin to Asian investors next month.

CoinFlex's move, reported for the first time by Bloomberg's newswire, will put it in direct competition with New York Stock Exchange and Eris Exchange, both should soon offer similar contracts.

The passage to physical bitcoin futures are considered important to help fight manipulation in the market, with some contracts that provide cash-settled contracts that leave unregulated bitcoin and cryptocurrency markets open to abuse.

CoinFlex CEO and co-founder of CoinFloor, Mark Lamb, told Bloomberg that CoinFlex will offer futures contracts for bitcoins, bitcoins cash and ethereum that can be leveraged up to 20 times.

"Cryptographic derivatives could become an order of magnitude bigger than the spot markets and the main thing that would stop this growth is the lack of physical delivery," Lamb said. "Volumes are reduced due to a problem of trust when it comes to cash settled transactions".

Elsewhere, the bitcoin SV, a fork of bitcoin cash cryptocurrency, seems close to coming out of the top 10 cryptocurrency of market capitalization, as trunks of trunks, cardan, stellar and litecoin quickly gain.

Litecoin is up about 10% in the last 24-hour trading period, the industry leader.

Bitcoin SV has had problems with decreasing volumes and lackluster adoption since its battle with bitcoin ABC to control the bitcoin cash network last year.