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Bitcoin exchange rate rose by 40% in one day, breaking the level of $ 10,000

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On the night of October 26, the price of Bitcoin (BTC) reached $ 10,300. The growth was more than 40% per day. Then a small correction began, now the BTC rate is $ 9726.

This is the fourth largest daily price movement and the largest since May 10, 2011, said analyst Alex Krueger.

This is also the 54th largest movement when comparing the daily high and low. The last time this was observed on January 14, 2015.

According to Kruger, such a rapid growth is due exclusively to fundamental factors, namely, a statement by Chinese President Xi Jinping, in which he supported the development of the blockchain.

Coinmetrics founder Nick Carter said closing a $ 10,000 daily candlestick would make it the third most profitable day in Bitcoin history. He recorded the latest such movements in 2010-2011.

Blockchain appeared on the front page of the People’s Daily Chinese newspaper, and some universities in the PRC have already promised to open courses.

At the same time, the newspaper does not say anything about cryptocurrencies , nor about bitcoin in particular. Jinping’s blockchain announcement also affected XNET’s share growth of over 100%.

According to DataMish , short positions at $ 252.1 million were eliminated at BitMEX.

Amid rising Bakkt, a new daily record was set – 1,179 contracts were traded.

Publication date 10/26/2019
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