Published on July 11th, 2018 | by bitcoin0
Bitcoin prices spike to nearly $9,000 in a crypto exchange we know very little about
For a cryptocurrency exchange that has seen its bitcoin price trade at a market premium since launch, the spike to nearly $9,000 on the WEX exchange on Wednesday was an outlier.
Some background: in July of last year, U.S. and international law enforcement took aim at BTC-e, the long-running – and long-mysterious – cryptocurrency exchange.
The sharp increase started around 16:00 (UTC) from a comparatively high price point of about $7,800.
To put things in perspective, Coinbase, a competing US-based crypto exchange, featured bitcoin prices throughout the entirety of the day between the range of $6,200 and $6,400.
For its part, the exchange hasn’t commented on its public-facing channels about the price spike, and a message sent to WEX’s official account on Twitter wasn’t returned by press time.