Bitfinex premium on BTC up $400, USDT drops over 3% as markets pump on Monday

15 Oct, 2018
News
Bitfinex premium on BTC up $400, USDT drops over 3% as markets pump on Monday

Monday morning saw Bitfinex premium on BTC climb over $600 as stable coin $USDT dropped 2% in price causing green prices almost everywhere

Bitcoin price on Bitfinex had climbed to $7,250 while the price on other exchanges lagged behind. 

The massive pump saw Bitcoin climb nearly 15% in price in rapid succession, causing the majority of the market to react with a $13 billion increase in market cap. 

Not bad for what is normally considered bloody monday. Twitter reacted to the massive market movement: 

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Read more about: Bitcoin (BTC)

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