Cryptocurrency While the bleeding continues in the markets, the investors who remain inside are waiting for the bottom to be found as soon as possible and the prices to start to rise again.
While the sharp decline of the price without reasonable corrections causes many investors to stay inside, who think that they bought the bottom, some investors continue to buy, thinking that the $33,000 level is also the bottom.
These days, when the volatility in Bitcoin has increased, abnormal price movements in the stock markets also draw attention.
Price Rises Up To $38,000 On Bitstamp!
The oldest bitcoin among the stock exchanges Bitstamp The price recently spiked as high as $38,000 on the stock exchange.
Although some investors think that this rise is related to the purchase of a big player, the truth does not seem so.
When we look at the volumes on the minute chart, we see that a total of 197 BTC volume was created in Bitstamp when the price increased to $ 38,000. This shows that there was a purchase of about 100 BTC, but the price instantly rose and fell as high as $ 38,000 as the selling stages were empty.
Considering Bitcoin’s daily trading volume, it seems unlikely that buying 100 BTC will move the price.
This purchase, which is made as a market order in the stock market, seems to have already cost the buyer dearly. This is why trading on a voluminous exchange is very important.