Reuters: One ‘mystery’ buyer pushed Bitcoin over $5,000

Bitcoin BTC has been pumping. Over the past six hours, its value has jumped as much as 20 percent, and a recent report has claimed a “mystery buyer” is responsible.

During Asian trade, Bitcoin‘s value broke $5,000 for the first time since November last year, marking the biggest one-day gain in the past year, Reuters reports.

Trade has since calmed, with the price remaining steady at around $4,700 across major exchanges. The last time Bitcoin was over $4,500 was back in November 2018, around five months ago.

Oliver von Landsberg-Sadie, head of a cryptocurrency brokerage firm, told Reuters the movement was likely the result of a single buyer, who used a computer algorithm to trigger the purchase of $100 million worth of Bitcoin spread across a number of exchanges.