Within Minutes, Bitcoin Spikes 4% as Bitfinex Raises Staggering $1 Billion

At last, you can close CoinMarketCap, take a break from Crypto Twitter, and get off TradingView — Bitcoin (BTC) has finally downed a chill pill, albeit begrudgingly. Since peaking at $7,550 on Saturday, the cryptocurrency has fallen to $7,000 and has set up shop there for the time being.

But, as Bitfinex CTO Paolo Ardoino announced the successful $1 billion fundraising of Bitfinex, the bitcoin price spiked from $7,000 to $7,300 within minutes by more than 4 percent.

Related Reading: Bitcoin Volume on BitMEX Skyrockets to Staggering $10 Billion as BTC Hits 2019 High

Bitcoin Surge Puts Bears On The Back Foot

Not one week ago, Bitcoin was sitting at a cool $6,000, showing no…

Read Full Story : NewsBTC

2019-05-13 12:15:34

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