Bitcoin (BTC) went through significant intraday price action, hiking up above $7,500. BTC started off from below $7,200, before recovering rapidly. At one point, prices touched $7,700.
However, despite the rise to a higher range, the BTC price did not pick up with a further rally. Despite predictions that a hike above $7,500 could trigger another rise, BTC remains weighed down. Toward the end of the day, BTC shed $200 within an hour, stopping around $7,300 once again.
The most probable reason was a short-term buying pump, which boosted the price of BTC through USDT:
https://twitter.com/DeepDarkEye/status/1202346178395955200
So far, there is no reason for the buying, with the exception of speculation. The general mood sti...