Experts are yet to determine the cause of what happened. “There is no clear catalyst for this surge,” said Edward Moya, Oanda’s senior analyst. He stated that the increase may be due in part to “buying from crypto traders who expressed disappointment on social media over a disproportionate New York Times article that raised the issue of bitcoin’s power consumption.”
Ether (ETH) also bounced and broke the $1,900 level. At the time of publication of the news, it was $115.
Source: Ferra
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