as five central banks across the united states and europe took coordinated action to ease the stress on the global funding market the price of bitcoin btcusd saw a spike on sunday evening which prompted a reflective social media post from cryptoquant ceo ki young ju what happened ki contrasted the action of the central banks with bitcoin’s pseudonymous creator satoshi nakamoto in his tweets on sunday “satoshi just decided to print more bitcoins again to bail out crypto exchanges btc price will go down as its supply increases” said ki the cryptoquant ceo shared a tweet from the european central bank which featured a press release from the central bank detailing the actions it and other institutions are taking to “enhance the provisions of us dollar liquidity” see also how to buy bitcoin crypto btc why it matters ki asked those that believe in the “us dollar system” to imagine if cryptocurrency exchanges invested all client funds in socalled shitcoins which leads to nakamoto printing infinite bitcoins to bail out the exchanges and the price of the apex coin being contingent on satoshi’s hawkish or dovish expressions bitcoin spiked on sunday hitting a high of 2844056 in intraday trading at the time of writing the largest cryptocurrency by market cap was up 35 at 28074 bitcoin has seen 259 and 6865 gains for the week and the year respectively the secondlargest coin ethereum ethusd has shot up 116 and 487 in a similar period on friday over 55 million in cryptocurrency shorts were wiped in just 12 hours as bitcoin crossed the 26000 mark read next potshot or praise dogecoin founder says cramer good at his job elon musk reacts