Massive SBD/Steem Pump Overnight On Sudden Korean Volume, BTC Strength

After last night, it's tough to resist doing "one of those chart posts" today.

This is exactly the kind of morale booster we were in the market for around here.

Bitcoin put in a solid session overnight, recovering a bit from the prior lows around $6000 to sit right around at the $7500 range. This was certainly a good thing (tm), but the real news overnight happened in Steem and SBD, who were respectively, the top gainers in the top 100 and 200 cryptocurrencies. I'm not sure I've ever seen Steem on top of the top 100, let alone with SBD at the top of the top 200 as well!

Minor thumbs up for Verge recovery, too...still got some of those to unload.

Incidentally, I'm also a fan of Power Ledger, although I see despite it having a strong day it's only back to prices seen at the end of the ICO period. If you're not familiar with this utility token, take a look - it's for trading (electric) power and has some promising government partnerships.

Of course, the big news was the monster spike in SBD overnight on Korean Upbit exchange. Even now, SBD is trading at a wild $8 (on tiny volume) at exchange "Liqui."

The above chart only covered the opening salvo - we made it all the way to 47,000 Satoshis before pulling back.

If you held your SBD after I told you not to dump after we crashed from 49k, you are probably in a good spot. This was probably your first opportunity to get a reasonable price. Hope you had a few limit orders set, but there's certainly a good chance that we can move on to higher highs, especially since Steem moved in tandem with SBD this price move.

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Sources: Google, CoinMarketCap, Cryptowatch
Copyright: SmartSteem, PALNet, SPL, CoinMarketCap, Cryptowatch