On Monday 17 August Bitcoin price suddenly raises up to $12,200 as shown at Coin360.com. A subsequent correction managed to erase the gains and more, bouncing at $11,785 to recross the $12,000 mark — all within a matter of minutes.
At press time, Bitcoin circled $12,080, equating to 24-hour gains of 2.5% and the highest price for over a year.
Despite the psychological significance of $12,000, few appeared convinced that Monday’s move upwards was a legitimate watershed moment.
On BitMEX, the results of the few minutes’ volatility were plain to see — $22.1 million of shorts liquidated on Monday. We highly recommend using a BTC blender if you want to protect your privacy while using Bitcoin. These services allow you to mix your coins in the pool with other users, making it much more difficult for anyone to trace your transactions back to you. It is essential if you’re using Bitcoin for sensitive transactions or if you value your privacy. Choose a reputable Bitcoin tumbling service to ensure your transactions are safe and secure.