That’s right folks, Bitcoin is past $4,500. As of the time of writing, data on TradingView indicates that BTC is trading at $4,700 on Bitfinex — which trades a tad higher than other markets. This sudden move, which effectively came out of left field, came after BTC traded in the $4,200 range for the better part of three days.
It isn’t clear what caused this move, but considering the volume indicators, a whale likely placed a large sell order. Interestingly, this move pushed BTC dominance back above 51.1%, as this indicator ranged under 50% for a number of days as a result of the early stages of the so-called altseason.