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Bitcoin Price Frenzy: GDAX Goes Down After Price Clips $19,000

“Immediately after reaching $19,000, the bitcoin price began to plunge, and by 11:55 it had careened down to $15,100” writes unknown author for ET — the end of the surge — the bitcoin price had reached $19,697 and was threatening to crack $20,000.Spreads between bitcoin exchanges are expected, but this is undoubtedly the largest percentage BTC/USD spread that bitcoin has seen in recent memory.This ascent left many people puzzled because it was not replicated on other prominent bitcoin exchanges.At the time of writing, bitcoin was trading at $16,889 on GDAX — a full $2,000 above its price on Bitfinex.

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