Bitcoin price smashes above $10K: Millions liquidated on Bitmex, Bakkt volume surges. A clear sign of market manipulation? – Bitcoin Price News

The price of bitcoin surges above $10,000 mark as bitcoin bulls make their presence felt. The sudden pump could be a sign of market manipulation as the price of bitcoin broke all technical levels in the space of a few hours. Bitcoin surged from $7,400 to $10,000 in the last 24 hours.

The price of bitcoin once again shocked everyone with its unreal bull run. In the space of 24 hours, the price of the leading cryptocurrency shot up by almost 30%. Bitcoin was trading in the range of $7,500-$8,000 from the last few weeks. The price shot up to $10,100 before coming back to $9,600 at the time of writing.

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Several analysts had predicted a bear run for the leading cryptocurrency in the short term, but once again bitcoin surpassed market expectations. According to cryptocurrency analytics provider, in the first ten minutes of this unreal bull run when bitcoin went up from $7,400 to $8,500, $150 million worth of shorts were liquidated on Bitmex.

The sudden pump could be a clear sign of market manipulation. Co-founder & Partner at Morgan Creek Digital, Anthony Pompliano advised people not to get too overwhelmed by the bitcoin’s bull run and take proper precautions before making any decision.

Bitcoin futures exchange Bakkt also reported the highest daily volume today. Bakkt saw a trading volume of 1131 BTC. The sudden pump could be a clear sign of market manipulation as bitcoin surged through all technical resistance in no time at all.

Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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