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Bitcoin is awake from his sleep this week. The price of cryptocurrency, which after reaching $ 20,000 in 2017, was around $ 4,000 for most of 2019, jumped more than 20% on Tuesday, April 2, exceeding $ 5,000. The cause? A myster trader – or a group of traders – would have passed a series of large orders on large stock exchanges, including Coinbase, Kraken and Bitstamp.
"There was only one algorithm-driven command on these three sites, of about 20,000 [bitcoins]"Said Oliver von Landsberg-Sadie, founder of BCB, a financial services company in the form of cryptocurrency. "If you look at the volumes of each of these three exchanges – there were synchronized volume units in concert, of about 7,000 [bitcoins] in an hour, "he told Reuters.
In fact, the order books reflect the sudden increase that occurred between 9:30 pm and 10:00 pm (Pacific time) on April 1st. Here is the view of Kraken:
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