Today, May 30, the price of the first cryptocurrency made a sharp jerk up, rising above the $ 9,000 mark. However, a no less impressive correction occurred soon after.
TradingView BTC / USD Hourly Chart
Nevertheless, Bitcoin pulled up and the rest of the market. For example, this is how the top 10 CoinMarketCap rating looked on the background of impulse growth:
One of the fundamental reasons for such rapid growth is the alleged launch of the largest Binance exchange of margin trading.
Officially, this marketplace has not yet announced, but some users noticed a new option:
Bins just announced the margin of trading pairs that will be available. #Bitcoin #Blockchain #Trading #CryptoCurrencies pic.twitter.com/Dc2o5uNS39
– Crypto Rand (@crypto_rand) 30 May 2019 p.
APDATE 1 . According to BeInCrypto , the new option is still in beta, is available to a limited number of users and works with only a few assets – Bitcoin, Binance Coin (BNB), Ethereum (ETH), EthereumX (ETX) and XRP. At the same time, leverage is still limited to 2x.
According to some users, margin trading is currently available only by invite.
Do I see margin ??? pic.twitter.com/SusxZsd8yT
– Dark Lord (@DarkCryptoLord) May 30, 2019 p.
APDATE 2 . As of 20:00 Moscow time the price continues to plummet. The price of bitcoin at the mark of $ 8575 on the Bitstamp exchange:
Half-hour BTC / USD chart from TradingView
From technical factors, we can note the price’s exit from the “Flag” trend continuation pattern, which was previously reported by analysts at CoinDesk Markets .
Earlier, well-known trader Peter Brandt expressed the opinion that the FOMO wave will soon push the price of Bitcoin above the $ 10,000 mark.
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