Bitcoin (BTC) Surges 5% in Minutes, Rallies Past $10,500 in Flash Pump | Crypto Craft

  • Bitcoin (BTC) Surges 5% in Minutes, Rallies Past $10,500 in Flash Pump

    From newsbtc.com

    Volatility is back. In the past hour, Bitcoin (BTC) bulls have returned in full force, pushing the cryptocurrency from $10,100 to $10,600 in a matter of minutes. As of the time of writing this, the cryptocurrency is up 5%, trading around $10,550. This unexpected move comes to the upside shortly after the mediocre weekly candle close. This move comes after the Yuan started to fall against the U.S. Dollar to 7.10, implying that there may be some correlation between a devaluation in the Chinese currency and an uptick in the value of BTC. Altcoins, unfortunately, were hurt by Bitcoin’s spike. This spike brought Bitcoin ... (full story)

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TudorIoan
Aug 26, 2019 12:25am — Edited
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This is called Flash Pump - Slow Dump
Actaually a test ahead the big dump. They just wanted to see if there are any more stups to buy.
Yes, the 79% bitcoin address holders who are in profit right now are testing buyers stupidity level
The next epic Flash Crash is looming ...getting closer and closer
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TMR
Aug 26, 2019 2:37am
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It's called a short squeeze.
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