Bitcoin price returned to its bullish trend May 1 as it followed fresh gains in altcoin markets to jump 3 percent in 24 hours.
Bitcoin Price At $5.3k Across Exchanges
Data from cryptocurrency exchange Bitstamp, which offers one of the more conservative Bitcoin price 00 indices, put BTC/USD at around $5310 at press time Wednesday.
The pair had fallen as low as $5066 over the past week, sudden losses occurring April 26 as news over fresh problems for stablecoin Tether and associated exchange Bitfinex hit the market.
Bitfinex, which is currently in the process of rebutting legal accusations it attempted to hide losses of $850 million in 2018, meanwhile offers dramatically higher asks for Bitcoin this week.
While the majority of exchanges post a Bitcoin price of around $5310, at press time, the ‘premium’ for Bitfinex traders had reached more than $300 – $5624 per bitcoin.
The phenomenon had developed over several days, social media commentators noting its presence over the period following the platform’s latest legal…