Anybody knows why there was this big pump today

[hs84]

hiiii.

does anybody know why there was this big pump 3h ago?

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[xenomorphe1]

It is good for Bitcoin and altcoins. I don't know for how long it will continue like this. Some people are manipulating the value of Tether to boost the crypto market?

[candy69]

Today, bitcoin's value increased around 15 percent. It didn't take long to get to $7500 and the way the price increased it wasn't natural, just a pump, it came down in a few moments. Now it is around $6800.

[matico]

This is just flash trade, it may have nothing to do with nothing! The market however is getting ready for waves of increase considerong tge cheap prices of cryptocurrencies in the market todau! I wwould say it is wise to take good position in bitcoin now!

[tomahawk9]

It seems like it's related to the tether dump which caused some people to jump into the btc bandwagon on Bitfinex. The price quickly went down so it seems like the market isn't ready to consolidate around the high levels (+7k), so I'd say the only good thing that can come out of this is that we consolidate above the last resistance level which is around the 6.7k mark and the rest of the exchanges follow, current price is 6900 on Bitfinex. But tbh, there's a high chance that the proce will go down again to the around 6400 levels just like the other exchanges.

[Sifon]

The news about Tether being a scam hit the market with shock waves and caused a lot dumping of Tether and as a result there was surge in the price of BTC. This was very momentary though, because within 2 hours the price went back to $6400 from about $7500. Again, this begs the questions;

1. With this kind of high volatility and obvious manipulation of the price of BTC, will the SEC ever get to approve ETF applications? Seeing they always cite price manipulations as they major reason for the decline.

2. TUSD has been touted to the true stable coin amongst others like PAX, CUSD, etc. But earlier today, at the heat of the whole Tether dump, I noticed price fluctuation in TUSD, it was hovering between $1.24 and $1.10. This was quite strange because a stablecoin is supposed to stay put at $1, and there should be no reason for a stable coin to move relative to the Dollar. So again, I ask is TUSD a stable coin as touted?

[elloco4ever]

It seems like it's related to the tether dump which caused some people to jump into the btc bandwagon on Bitfinex. The price quickly went down so it seems like the market isn't ready to consolidate around the high levels (+7k), so I'd say the only good thing that can come out of this is that we consolidate above the last resistance level which is around the 6.7k mark and the rest of the exchanges follow, current price is 6900 on Bitfinex. But tbh, there's a high chance that the proce will go down again to the around 6400 levels just like the other exchanges.

Yes you are right this the impact of bitfinex also there were rumours like it will rally till 7k. It is good recovery somehow I believe it will change slowly and turn it to a hot topic. This pump as has shown smiles on lot of investors, this is good sign also there is quite some improvement in altcoins as well. Hope good days are turning back.

[Bairbe]

Most likely it was just another pump for those to whom it was profitable, someone just pumped the coin, I do not see other reasons for such growth!

[ityandsyn]

It is good for Bitcoin and altcoins. I don't know for how long it will continue like this. Some people are manipulating the value of Tether to boost the crypto market?

       What ever the reason of this pump is not important for me , fortunately its doing better of having a short run and hoping that this will continued to increase to its peak , and this will start now.

[tridverju]

Yes, it was due to the dump of Tether. It was so funny that the stable coin lost almost 25 percent of their price. Just believe in crypto guys and everything will be great. Do not look at small dumps and pumps, we are waiting for the trend change.

[l10no]

few people know about pump 3 hours ago. I am with a friend discussing this time. but I continue to hope that the pump will continue to occur in the next day

[acmakc12]

Someone inflated information about the tether, and because of this, no one expected to grow, in my opinion it was planned, I do not advise trying to make money on the tether at the moment, it is better to sell it.

[emezh10]

few people know about pump 3 hours ago. I am with a friend discussing this time. but I continue to hope that the pump will continue to occur in the next day

  Everyone is excited to notice the sadden spike on the price value of Bitcoin, it seems it just a market testing again just like before, yet, this maybe a good signs to note that had happen in the Crypto Market, its ups and down again. one experts would note that this really a good indicators that Bitcoin is gearing up for another market movement upward. i am optimistic that once these market resistance break loss then i would say, it is a possible Bull Run in the making...

[charlotte04]

hiiii.

does anybody know why there was this big pump 3h ago?

I think it was because of Tether. They saw something bad about tether and they probably got out and try to buy in their tether for Bitcoin and that was the reason why Bitcoin pumped.

[makishart]

hiiii.

does anybody know why there was this big pump 3h ago?

I think it was because of Tether. They saw something bad about tether and they probably got out and try to buy in their tether for Bitcoin and that was the reason why Bitcoin pumped.

They are dumping their tether for TUSD but in fact that they are converting their USDT to the bitcoin before they can try to buy TUSD. That's made a flash sale to the tether and it has been dumping the price of tether to the bottom. But this time tether recovered its price again slowly.

[kiansantan]

This pump seems to have shown a smile to many investors, this is a good sign that there are also some improvements in altcoin as well. Hopefully the good days will come back again. This is a good recovery, somehow I believe it will change slowly and turn it into a hot topic.

[juliyett]

To my mind it was a first signal about the coming bull run and it is very cool because people are ready to deal with it and their patience in not endless.

[zeze18]

hiiii.

does anybody know why there was this big pump 3h ago?

The whales are transferring very big amount of tether to binance and bitfinex.
And they're pumping btc, i'm sure something big will happen soon

[oceantiger]

I think the last quarter rally is about to begin. There is this believe that every  last quarter of the year. Beside the year has been on most bearish and this rally significantly shows the reversal trend is about push us to the end of the year. One thing i know  is that the   bitcoin will exceed the $10K point before the end of the year.                                                                                                                                                                                                                                                                                                                                                                                                                                

[armack18]

To my opinion it could be connected with a new around the world because they have an influence on the market and it could not be ignored absolutely.