Reading time: ~2 m
According to data from CryptoCompare, around 16:05 UCT on Friday (November 20), the Bitcoin price broke through the $18,800 level for the first time since December 2017.
Between 13:30 UTC and 16:10 UTC, the Bitcoin price surged from a low of $18,157 to a high of $18,814, i.e. it went up 3.6% in just 2 hours and 40 minutes.
This is how Sam Trabucco, quantitative crypto trader at Alameda Research, explained on Thursday (November 19) Bitcoin’s recent price action:
Crypto analytics firm The Tie says:
Featured Image by “SnapLaunch” via Pixabay.com
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.