Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: fitload on August 22, 2018, 01:39:02 PM
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The price of Bitcoin [BTC] jumped above $6800 earlier today at 1 PM UTC, seeing notable gains amongst the top 100 coins in under an hour and breaking out of a period of extended trading below the resistance for almost two weeks.
BTC leaped from $6,466 to $6,745 and the price continued to increase from there, rising above the $6,800 mark and peaking at $6,899 before settling back down to a present value of $6,840 at 1:34 UTC.
The move coincided directly with a scheduled shutdown of trading platform BitMEX for maintenance purposes, a derivatives trading platform for bitcoin and other cryptos.
The platform went down at 9 p.m. EST which was the exact moment that Bitcoin spiked. Prices peaked at $6,899 before easing back slightly.
BitMEX users were automatically signed out as the exchange’s trading systems went offline on August 22nd at 1:00 UTC.
Read More: https://news.bitzamp.com/bitcoin-jumps-above-6800-after-a-major-trading-platform-bitmex-went-down/ (https://news.bitzamp.com/bitcoin-jumps-above-6800-after-a-major-trading-platform-bitmex-went-down/)
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Bitmex is one of the curses in crypto along with bitcoin futures. When they were introduced the price of bitcoin plummeted, they all need to go