- Earlier this week, the leading cryptocurrency saw a massive spike in its price.
- This spike pushed the price close to $9000 and as we started today, the price has passed that resistance level.
- This all comes off the back of a long sidewards movement for the king coin.
Earlier this week on 29th of April, the leading cryptocurrency saw a massive spike in its price. This unexpected spike pushed the price of bitcoin close to $9000 and as we started the 30th of April today, the price has passed that resistance level and is currently trading just over $9200 at the time of writing. This all comes off the back of a four day long sidewards movement for the king coin.
One of the key things that has come following the spike in price for bitcoin was that almost all platforms handled the situation in a smooth and calm manner. Many of the newer platforms had an all-time high trading volume and they didn’t face any bugs or glitches. When looking at one of the biggest platforms in the space, Binance, the exchange so it’s futures volumes it’s a new high of $10 billion.
This week has seen the first significant spike in the price of bitcoin for 2020. So far this year, we have seen less than favourable price movements for not just bitcoin but other cryptocurrencies in the industry as well. Looking at the traditional markets and stocks, the coronavirus and its impact on the world has seen many investments crash to the ground. But for bitcoin, things seem to be looking up.