Bitcoin jumps 20 percent, mystery order seen as catalyst ReutersFintech
LONDON - Bitcoin soared to its highest in almost five months on Tuesday, pulling smaller cryptocurrencies up with it, after a major order by an anonymous buyer set off a frenzy of computer-driven trading, analysts said.
Today’s gain was probably triggered by an order worth about $100 million spread across U.S.-based exchanges Coinbase and Kraken and Luxembourg’s Bitstamp, said Oliver von Landsberg-Sadie, chief executive of cryptocurrency firm BCB Group. Still, analysts could not point to any specific developments that could explain the mystery buyer’s big order.
Big institutional investors have largely stayed on the sidelines. Concern over security breaches and regulatory uncertainty were cited as reasons for the lack of mainstream enthusiasm in digital coins.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin soars 20 percent, mystery buyer seen as catalystBitcoin burst to its highest level in almost five months on Tuesday, sending sma...
Read more »
Bitcoin storms higher, rises 20% and tops $5,000 for the first time in 2019Bitcoin prices burst higher on Tuesday, rising as much at 20% at trading above $5,000 for the first time in more than four months.
Read more »
Philadelphia police chief inspector's son, 20, shot dead: 'Our hearts are broken'20-year-old son of Philadelphia police's chief inspector of internal affairs was shot dead this weekend. Now the grieving department is looking for answers.
Read more »
Amazon is slashing Whole Foods' prices by 20% on hundreds of itemsAmazon will slash prices at Whole Foods this week by an average of 20% on hundreds of items.
Read more »
Southwest to keep Boeing 737 MAX off schedules through May instead of April 20: company memoSouthwest Airlines Co said on Friday it was pulling its Boeing Co 737 MAX jets f...
Read more »
At least 20 killed when fire erupts on bus in Peru
Read more »
At least 20 dead in Peru bus fireThe fire erupted at the Fiori terminal in Lima's populous northern San Martin de Porres district injuring at least eight people.
Read more »