A SURGE in bitcoin prices has seen the cryptocurrency market jump by over $13 billion (£10.5 billion) overnight.
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Downward bitcoin prices could impact stakeholders more than ever before, including derivatives traders and miners.
While Bitcoin has bounced at the minor support area at $9,350, the most likely scenario is another downward leg towards.
Bitcoin price is encouragingly posting higher lows while being rejected by the $10,000 level suggests that more downside.
Bitcoin’s anonymity hasn’t disappeared and it’s impossible to know if Nakamoto is behind the 50 BTC transfer. Bitcoin loses.