Bitcoin Jumps Above $6800 After a Major Trading Platform BitMEX Went Down

[fitload]

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/

[cowz]

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