Today on April 2, Bitcoin’s price increased from $4,150 to $5,100 in just one hour. Now it’s hovering around $4,750, we have to wait and see if that is just a pump and dump or if it will remain above the $4,500 range. Some short orders on Bitmex got liquidated. Naturally as Bitcoin’s price was going up, the BTC value of altcoins like Ripple and Ethereum dropped 5-10%, but their USD value saw an increase.
A sudden $1,000 move in such a short timeframe indicates that we could anticipate some more action in the prices of cryptocurrencies for the rest of the week. Fill in your orders and trade safely!