Crypto2Cash

Jul 29, 2020

3 min read

Bitcoin price spikes 20%, ‘BTC is money’ and Coin Metrics ranks Exchanges on trustworthiness

Photo by Aleksi Räisä on Unsplash

‘Bitcoin is money’ according to federal court Washington D.C.

Ranking exchanges on Trustworthiness

  • volume correlation;
  • web traffic analytics;
  • qualitative features.

Bitcoin reaches highest price in 2020

  1. Bitcoin faced two tops at $10.400 earlier this year (in Februari and June), setting a yearly high last week;
  2. The spike of the price reached to $11.400;
  3. Both Bakkt (11,509 BTC) and Deribit (47,513 BTC) set trading records for respectively futures and options;
  4. Over $500,000,000 shorts positiions were liquidated as a result of this spike;
  5. Hackers who stole $28 million Bitcoin from Bitfinex started moving these coins.

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