6/2, 3:28 PM (Source: TeleTrader)
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Bitcoin rises above $10K for first time in 25 days

The price of bitcoin rose on Tuesday more than 6% and went above the psychological limit of to $10,000 after it was reported that in one 10-minute period alone, trading volume hit a giant 3,500 BTC. Cryptocurrency exchange Bitfinex stated that "this peculiar price action was accompanied by over 3,500 $BTC volume in the 10-minute candle," and the company’s chief technology officer (CTO) Paolo Ardoino confirmed that there was "some big buys on Finex since the spike."

The large spike in bitcoin’s price comes also as violence grows on the seventh day of protests over the death of George Floyd at the hands of Minneapolis police.

Bitcoin went for $10.165,9 falling 0.59% at 9:25 am ET.

Breaking the News / TF