Bitcoin Surge $17bn In One Hour — But Why?

Per Högberg
Apr 2, 2019 · 2 min read

Bitcoin added $17bn in market cap within one hour on Tuesday morning, April 2. Price was suddenly up 14%, as reported by Bloomberg.

Such a dramatic increase should come for a reason. With all logic the reason should be very clear to everyone in the market, at least hours after it happened. But not in the crypto market. Again we are reminded of the lack of transparent and orderly markets. For a retail investor it is impossible to understand what happened and why the price increased. There is of course also a concern that there has been price manipulation by someone in one or several unregulated markets, causing the price to spike. With this, there is of course also the concern that the price will quickly fall back to previous levels.

At Tritum Digital Assets we focus on building fair and orderly markets and our key concern is to establish trust. Today is another sign of the need for improved price formation and a trusted real time price feed.

Read more about our view on the markets in this article on trading volumes or this one on the lack of transparency.


The author is a co-founder of Tritum Digital Assets and a former Vice President of Nasdaq and Head of Economic Research, responsible for reporting all volumes of Nasdaq’s Nordic Exchanges. He is also a former Finance Director of the US Consolidated Plan, the UTP Plan. The plan governs transaction information from all US securities exchanges, is approved by the SEC and provides millions of investors with reliable data.

Tritum Digital Assets Blog

Institutional Digital Asset Trading Exchange and Services www.tritum.digital

Per Högberg

Written by

Co-founder Tritum

Tritum Digital Assets Blog

Institutional Digital Asset Trading Exchange and Services www.tritum.digital

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