February 27, 2024

Bitcoin price surpasses $ 10,000 for the first time since September

On the night of October 26, the price of Bitcoin reached $10,300. The increase was more than 40% per day. Then it startedcorrection.

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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 rapid growth is due solely to fundamental factors, namely &#8212; statement by Chinese President Xi Jinping, in which he supported the development of blockchain.

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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.

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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.

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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%.

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

Amid the growth, Bakkt set a new daily record &#8212; 1179 contracts were traded.

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In anticipation of a sharp jump to $ 10,000, Tether printed several batches of USDT.

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The USD 30 million transaction then returned to Tether Treasury with Bitfinex.

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The transaction for 45 million USDT was a transfer from the Ethereum blockchain to the TRON blockchain of funds from Bitfinex.

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Twitter users have responded to growth with enthusiasm, jokes and memes.

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&#171;Deleted tweets and graphs are everywhere&#187;, &#8212; wrote trader Whale Panda, hinting at the hapless analysts.

&#171;Thank you, Peter Schiff. Your predictions have been correct since Bitcoin was trading at $17.50&#187;, &#8212; he laughed at a well-known Bitcoin critic who this week predicted a fall to $2,000.

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&#171;Thanks to Nouriel Roubini, Peter Schiff and Craig Wright for convincing me not to sell&#187;.

Twitter CEO Jack Dorsey overlooked the BTC sale option.

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