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Bitcoin Hits New 6-Month High: Mystery Buyer May Have Helped Boost Price

Written by:
Aaron Goldstein
Published on:
May/07/2019

  • Moves above $5900 for first time this year

  • For the second month in a row, the largest cryptocurrency has stayed above EMA200

  • Mystery buyers has Bitcoin soaring


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The leading funding method for online gambling and pay per head businesses, Bitcoin, continued to hit a 6-month high Tuesday morning.  Bitcoin broke the $5,900 support for the first time in 2019.  Overall, this resulted in a 24 hour increase of near 3%.

The bulls continue to defy the odds pushing the price past key resistance levels, CoinPage noted Tuesday morning.

For the second month in a row, the largest cryptocurrency has stayed above EMA200.

Other major cryptocurrencies such as ethereum and Ripple’s XRP, their prices often seen as correlated to bitcoin, also continued to move higher.

A "mystery buyer" appears to have placed a substantial transaction that could be tied in with the price jump.  Exchanges in Luxemburg and the US seem to have processed a single transaction of $100,000,000.

Some online gambling sites report upwards of 70% of all transactions via Bitcoin.

- Aaron Goldstein, Gambling911.com

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