Bitcoin (and thanks to it several Altcoins) has faced a clearly bullish momentum today. Even though only a minimal rise happened in term of USD, from 6500 to the current price of around 6600, this was enough to spark huge interest from traders.

The interest has a good reason as Bitcoin has been considered to be in a falling wedge according to many analysts and traders. The wedge supposedly started in Feburary when Bitcoin bottomed out in the 7k zone for the first time after reaching an all time high in the 20k levels.

The last few local bottoms during the wedge were mostly producing higher lows above a resistance and moved towards the upper side for a breakout attrwith almost never seen low volatility. The daily candle managed to close outside coupled with the new weekly candle as well.

Not everyone took this situation with joy though, as several exchanges malfunctioned or faced issues during the recent times.

Bitstamp supposedly had a wild bot going rogue on the exchange that resulted in stops being raided and people losing money. The price was first pushed up to 6500 EUR from around 5700 EUR and later down to 5000 EUR before consolidating at the original price. It also managed to push ETH prices to 300$ and LTC prices to 1$. The CEO of Bitstamp later commented on twitter that it was the bot of a client and that they halted trading for further inspection.

Today BitMex experienced heavy issues amidst the spike in Bitcoin’s price resulting from disconnecting WebSocket issues according to their official twitter. The issue that lasted for several hours caused several users to see their available balances as 0 without the ability to deal with their positions.

Additionally there was also heavy load right as BTC prices left the ‘meme triangle’ (as many would label it) leaving users unable to connect to the exchange or do any impactful action.

Recently Bitfinex has been under fire for several issues regarding their banking partners, non-complete audits and mostly Tether (USDT). Even though Bitfinex just announced that they will do future banking through HSBC, which should easily put some rumors to rest, there is still an interesting phenomenon to see on the exchange.

There is a growing spread between exchanges like Bitfinex and for example Coinbase on the BTC/USD chart. This account currently for a bit more than 1%, which means its around 66 USD. There was a time when the spread reached higher levels, but that was back when Bitfinex didn’t disclose anything regarding their business and banking partners. The original chart is from Bitfinex, while the second layer with red is Coinbase. This shows that Bitfinex is currently asking for a premium on their USD markets to buy Bitcoin.