{"id":106740,"date":"2019-05-30T10:59:55","date_gmt":"2019-05-30T17:59:55","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=106740"},"modified":"2020-04-06T01:19:02","modified_gmt":"2020-04-06T00:19:02","slug":"bitcoin-spikes-9000-before-falling","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bitcoin-spikes-9000-before-falling\/","title":{"rendered":"Bitcoin spikes past $9,000 before falling back into consolidation range"},"content":{"rendered":"<p><a href=\"http:\/\/cryptoslate.com\/coins\/bitcoin\">Bitcoin<\/a> surged past $9,000 before plummeting to retest the lower bound of its trading range at $8,600.<\/p>\n<p>At 15:40 UTC Bitcoin spiked 3.9 percent taking the cryptocurrency from $8,743.62 to $9,090.00 on <a href=\"http:\/\/cryptoslate.com\/companies\/coinbase\">Coinbase<\/a>. The price held above $9,000 for 10 minutes before rapidly dropping to retest the lower bound of its 48-hour trading range.<\/p>\n<div>\n<dl id=\"attachment_106741\">\n<dt><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/05\/bitcoin-9000-surge-1024x630.png\" alt=\"\" width=\"1024\" height=\"630\" \/><\/dt>\n<dd>Coinbase BTC\/USD (Source: <a href=\"https:\/\/www.tradingview.com\/chart\/RJUsG0HW\/\">TradingView<\/a>)<\/dd>\n<\/dl>\n<\/div>\n<p>Crypto Twitter was euphoric as BTC breached $9,000 resistance level. A cacophony of the (in)famous \u201c<a href=\"https:\/\/knowyourmeme.com\/memes\/its-over-9000\">It\u2019s over 9000<\/a>\u201d Dragon Ball Z Vegeta meme graced Twitter before prices dropped.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">It&#39;s over 9000!!!! <a href=\"https:\/\/t.co\/cvJX8Blsgw\">pic.twitter.com\/cvJX8Blsgw<\/a><\/p>\n<p>&mdash; Mati Greenspan (@MatiGreenspan) <a href=\"https:\/\/twitter.com\/MatiGreenspan\/status\/1134128099623391233?ref_src=twsrc%5Etfw\">May 30, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The coin currently appears to be consolidating around $8,600. Recent real trading volume was driven by Coinbase with 24-hour volume of $170 million.\u00a0OpenMarketCap <a href=\"https:\/\/openmarketcap.com\/cryptocurrency\/btc-usd\">showed<\/a> that Binance lead with real 24-hour volume of $414 million.<\/p>\n<div>\n<dl id=\"attachment_106743\">\n<dt>\n<p><figure style=\"width: 481px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/05\/bitmex-short-liquidation.png\" alt=\"bitcoin bitmex liquidations\" width=\"481\" height=\"325\" \/><figcaption class=\"wp-caption-text\">Source: DataMish<\/figcaption><\/figure><\/dt>\n<\/dl>\n<\/div>\n<p>The sudden gyration in price liquidated a large number of both longs and shorts on crypto derivatives exchange <a href=\"http:\/\/cryptoslate.com\/companies\/bitmex\">BitMEX<\/a>. Within the last six hours $19.7 million shorts and $29.2 million in longs were liquidated on the platform.<\/p>\n<p>The insanity of the Bitcoin bull market continues.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin surged past $9,000 before plummeting to retest the lower bound of its trading range at $8,600. At 15:40 UTC Bitcoin spiked 3.9 percent taking the cryptocurrency from $8,743.62 to $9,090.00 on Coinbase. The price held above $9,000 for 10 minutes before rapidly dropping to retest the lower bound of its 48-hour trading range. Coinbase [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":61951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60840,15323,6849],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin spikes past $9,000 before falling back into consolidation range<\/title>\n<meta name=\"description\" content=\"Bitcoin surged past $9,000 before plummeting to retest the lower bound of its trading range at $8,600.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/bitcoin-spikes-9000-before-falling\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin spikes past $9,000 before falling back into consolidation range\" \/>\n<meta property=\"og:description\" content=\"Bitcoin surged past $9,000 before plummeting to retest the lower bound of its trading range at $8,600.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/bitcoin-spikes-9000-before-falling\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-30T17:59:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-06T00:19:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/06\/bitcoin-fees-social.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mitchell Moos\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Bitcoin spikes past $9,000 before falling back into consolidation range\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mitchell Moos\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-spikes-9000-before-falling\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/bitcoin-spikes-9000-before-falling\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/mitchell-moos\/#person\",\"name\":\"Mitchell Moos\",\"url\":\"https:\/\/cryptoslate.com\/author\/mitchell-moos\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/mitchell-moos\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/mitchell-moos\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/11\/author-mitchell-moos.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/11\/author-mitchell-moos.jpg\",\"caption\":\"Mitchell Moos\"},\"jobTitle\":\"Contributing Analyst\",\"description\":\"Mitchell is a software enthusiast and entrepreneur. 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