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Bitcoin price surpasses $ 10,000 for the first time since September

On the night of October 26, the price of bitcoin reached $ 10,300. The growth was more than 40% per day. Then the correction began. If comparing against daily High vs Low: – 54th largest daily move, largest since Jan / 14/2015. – 88th largest two-day move, largest since Feb / 7/2018. This is still bigger than December 2017.> 95% of + 42% gains happened […]

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On the night of October 26, the price of bitcoin reached $ 10,300. The growth was more than 40% per day. Then the correction began.

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.

Twitter users have responded to growth with enthusiasm, jokes and memes.

“Remote tweets and charts are all over the place ,” wrote Whale Panda trader, alluding to unlucky analysts.

“Thank you, Peter Schiff. Your forecasts were correct from the moment when Bitcoin was trading at $ 17.50, ” he laughed at the famous critic of Bitcoin, who this week predicted a fall to $ 2000.

“Thanks to Nuriel Roubini, Peter Schiff and Craig Wright for convincing me not to sell.”

Twitter CEO Jack Dorsey overlooked the BTC sale option.

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