Community post
Bitcoin
Bitcoin Has Leapt Sharply Higher -- Here's Why
Bitcoin, which just last week had its first major sell-off in months, has this morning jumped almost 10%, powering the world’s largest cryptocurrency back above 6,000 late last week.
Bitcoin leapt from 6,732, according to CoinDesk data, adding almost 7,000.
The sudden rise in the bitcoin price this morning was signaled by a sell-off of the dollar-linked tether digital coin — the only cryptocurrency which is down today, according to CoinMarketCap data.
Traders often sell tether to buy other cryptocurrencies and a sudden influx of tether sellers would push down the tether price .
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!cheetah ban
User refued to stop plagiarism despite of being commented by Steemcleaners multiple of times before.
Okay, I have banned @shrisham.