GDAX’s (one of most popular crypto currency exchanges owned by Coinbase) chart for BTC/EUR has spiked to €5000 EUR price today.

We have seen similar spike recently in opposite direction for ETH/USD when price temporarily dropped to $0.10 and shot back up as a result of all order book orders being filled instantly.

It is still not clear who had pockets so deep they could cause this, but we’ve seen a lot of speculation about countries like Russia and big companies like Goldman Sachs discussing investments into Bitcoin (one of big players making a move perhaps?).

~SC

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