January 27, 2023

Bitcoin exchange rate rose by 40% in one day, breaking the level of $ 10,000

Bitcoin exchange rate rose by 40% in one day, breaking the level of $ 10,000

On the night of October 26, the price of Bitcoin (BTC) reached $ 10,300. The growth was more than 40% per day. Then began a small correction, now the BTC rate is $ 9726.

This is the fourth largest daily price movement and the largest since May 10, 2011, said analyst Alex Krueger.

This is also the 54th largest movement when comparing the daily high and low. The last time this was observed on January 14, 2015.

According to Kruger, such a rapid growth is due exclusively to fundamental factors, namely, a statement by President Xi Jinping of the PRC in which he supported the development of the blockchain.

Coinmetrics founder Nick Carter said thatclosing a daily candle at $ 10,000 will make the day the third most profitable in the history of bitcoin. He recorded the latest such movements in 2010-2011.

The blockchain appeared on the front page of the Chinese newspaper People’s Daily, and some universities in the PRC have already promised to open courses.

At the same time, the newspaper does not say anything about cryptocurrencies, nor about bitcoin in particular. Jinping’s blockchain announcement also affected XNET’s share growth of over 100%.

According to DataMish, short positions at $ 252.1 million were eliminated at BitMEX.

Amid rising Bakkt, a new daily record was set - 1,179 contracts were traded.