Topic: Bitcoin Recent Price (Read 215 times)

I agree totally. We had a great month so far and I think that it is going to be even better in the near future. We are looking at something that is changing the market completely, we were going down in 2022 and we are doing so much better this year.

Look at just April, that alone is better than most things we have ever seen so far and I believe that we shouldn't really do anything bigger than this to be happy. I feel like 30k is building a good ground here, it will take a bit of a time but I think it is doing very well so far. This means that we should be very proud of what we have right now and that should not be a big problem, I hope that it gets better and should be considered as a good thing in the future.

It's been about 2 days the price is in $ 30k, this makes us have to be optimistic that the bull run will soon occur, maybe the price will not jump directly from $ 30k to $ 100k, but slowly the price will reach at least $ 100k this year, I'm sure April the price can touch at least $ 40K because there is still about 18 days.

What does Dogecoin have to do with Bitcoin mate
If you say since 2022, well now Bitcoin is over $30K again which has absolutely nothing to do with Dogecoin because Bitcoin was there before Dogecoin was born into the crypto space. And if you look at the history of Bitcoin prices, the current $30k price is not the first time for Bitcoin because at the beginning of 2021 Bitcoin has also reached a price of over $30K and even throughout 2021 the price continues to look quite fantastic.

But what surprises me a bit is when you say about the recent surge in popularity of Dogecoin that you associate with Bitcoin, the two are very different and I also very rarely see a spike in Dogecoin when Bitcoin crashes in the market. So from which direction are you trying to relate these two things now

Agree. It is a matter of market conditions and market correlation. If you want to see news in advance you can have it at https://www.forexfactory.com/calendar most risk assets especially BTC is highly correlated with dollar.

Rates goes lower = bonds higher
bonds higher =  Dollar goes lower
Dollar lower = Risk assets go higher (BTC, indices)

News releases such as NFPS, FOMCs, Interest rates, and Unemployment rates mostly drives and surges liquidity to the marketplace.
To sustain price means there is a sustained set of liquidity or willing buyers than willing sellers to where is the price right now.

Please, Dogecoin or Elon has no influence on the market, it was due to the Fed news as you have said. Investors and speculators alike are anticipating that good news from them in this week if I'm not mistaken.

But that $30k though remains to be the biggest barrier for now, eventhough we have breach it, I think it might take some time to be able to sustain that price. Unless the news become true then the market will react again, including traditional based. So let's wait, for the positive news.

Generally apprehension vs rate rises and potential recession, collapse with all sorts of long term fallout effects from the epidemic have retreated.  One of the largest effects of inflation is loose monetary standard which is bad overall but good for alternatives to Dollar most likely.   Its bad for the economy because people are not paid properly, the price certainty of some goods is disrupted and so it will impede business done and efficiency generally can fall.   It does mean debt is cheaper to service which is why government continually implements policies which bring about inflation.

  BTC will rise along with alot of alternatives to Dollar so long as the Dollar continues to lose value and its a valid alternative, it encourages greater usage.  We still have high volatility but the swings in sentiment can take us all the way back to the ATH price for sure.  I dont think that full range of movement occurs this year entirely but it was never impossible for a recovery. The main concern for BTC is the usability not its pricing which is speculative.  There is always a higher and a lower estimate for future BTC pricing, one is a speculative hyped line this is parallel to the base price for BTC which is more about usage and rising population of potential and actual users; all of that has improved I believe despite the 2022 pullback.

Bitcoin is the brain behind any other coins increment and any coin have a green colour tapped it from bitcoin, and value chenage of bitcoin is determined my the quantity demands of bitcoin in cryptocurrency marketcap, and the results of its degradation is determined by the quantity supply,  so therefore what triggers bitcoin acceleration is when the demands of bitcoin is higher the supply, and another thing that triggers bitcoin increment in the market is when investors comes in to cryptocurrency and invest more. So Elon dogecoin can not be the brain behind bitcoin experiencing a positive in the market this year.

Doge coin price has no impact on the increase on bitcoin price and it can't control bitcoin price,instead it is bitcoin price that will control doge coin. It is clear that investors have seen that fiat currency is not a secured means for them to pile up their asset and even the USD has depreciated. Investors is looking for a means in which they can use to stake their funds,bitcoin is the only option to this because inflation is less to problem to it.

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Bitcoin price reached 30k and would keep on moving up,since we are expecting the halving next year. Right now I am looking forward to see bitcoin price move upward to 32k,due to the principle of demand and supply.
Gracias

The recent price hike of Bitcoin has nothing to do with Dogecoin, just like the earlier reply, the increase of price of any altcoin may take away supposedly entering funds for Bitcoin market, thus altcoin price increase may produce opposite effect to Bitcoin market.

One of the articles [1] I read stated that there is no reason for Bitcoin increase except for the market sentiment and strong investor confidence which is a sign of the market sentiment going bullish.  it is also stated that the current price increase is also a sign of Bitcoin getting out from the so called crypto-winter.


It is too early for a new all-time high which supposes to happen a year after Bitcoin halving event.  But I welcome such an event if it is bound to happen this year.  This means Bitcoin holders will have a greater year ahead.

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[1] https://www.coindesk.com/markets/2023/04/11/bitcoin-shorts-take-on-87-of-futures-liquidations-as-btc-crosses-30k/

Great, you have a very correct assumption as we don't get any correlation between dogecoin and bitcoin since January. Bitcoin is indeed a good time to rise and recover from dump in 2022, it is clearly time regardless of whatever issues underlie its rise. Recovery is expected to continue throughout 2023, but I still think we will get correction at some junctions. The FED may have an effect on the price, but I'm not sure how much of a correction will occur ahead of the 2024 halving.

I guess it's typical clear now that this year is certainly a good year for bitcoin, since from the beginning of the year there have been many speculations on to whether we are going to experience a bull run but many bitcoin enthusiast suggested the early rise in January was a trap for investors but I guess that doubt is clear now as bitcoin continues to push forward ahead of the halving where an expected new ATH will be met. But I think this rise in price is not because of any news related to doge coins, I just it's because of the adoption of more people moving to better investment options as bank continues to fail and prove unreliable.

We do not agree that the reason for the increasing Bitcoin price pump is due to Dogecoin, it does not make sense this is the background reason, quite the opposite that the truth is that Altcoins always follow the Bitcoin price, this is entirely due to the growing Investors and also the demand from the supply and Adoption that continues to increase, there may be several reasons behind the pumping of the Bitcoin price, but to say that it is influenced by Dogecoin I think this is wrong.

In this year Bitcoin has reached $ 30k after a few months ago Bitcoin has given signs of increasing prices and maybe now it has reached $ 30k in april, maybe this will continue to be pumped but our hope is that Bitcoin will reach higher prices in the end of the month or the following months and if predicting reaching a new ATH this is a prediction that is difficult to say this year.


Yes maybe expecting a new record high or ATH in the last year will be difficult, but moving on pumping towards $40k or more maybe even this is our hope here, and I think this will happen when price continues to pump and not follow by a price correction maybe this will be achieved quickly, but sometimes a correction will follow even with a slight correction, this is a good achievement in the past few days and also this month.

I think the Bitcoin adaptation expand in a lot of countries recently in my country there are a lot of platforms already started to adopt and add Bitcoin to their platforms, and you can start to buy cryptocurrencies on their platforms. Bitcoin halving is also a trend next year so it helps a lot to boost the Bitcoin market price as well, a lot of investors are accumulating a lot of Bitcoin for sure.

Cryptocurrency hype is starting so it would make sense that we see a big spike in the market price, if we look at the news and articles online we can see a lot of cryptocurrency hype.

How should this be connected to dogecoin, when dogecoin does not even pump as much as bitcoin. It could be vice versa that region goes up because it also looks very promising for bitcoin in the last weeks. That the rising interest rates do benefit bitcoin or crypto does not make sense at all. Its more that the retarded FED does benefit bitcoin and for sure many people in the banking indistriy already look at exit strategys.

I've seen some at Forbes linking the overall recent rise of Bitcoin to the fall of Silicon Valley Bank, and yes, to fed interest rate increase. While IMO the increase is small, it's apparently enough to affect the stock and crypto markets. Like others in the thread, I don't think the growth is due to anything related to Dogecoin. When Bitcoin is on the rise, it can inspire a boost for some altcoins, but what happens to a particular altcoin doesn't usually affect the growth of Bitcoin itself. Moreover, Dogecoin is actually almost 12% down over the last 7 days, while Bitcoin is 8.7% up.

How can you attribute Bitcoin's recent recovery to Dogecoin, there is no connection at all. Dogecoin is still trying to rise from its slump and Elon Musk is behind it, while Bitcoin's recovery has nothing at all to do with the meme coin Elon Musk has backed.
Investors are starting to realize that fiat currency continues to slowly lose value, they believe in Bitcoin more than any other investment. Bitcoin has been able to survive and is still the top Cryptocurrency since many years it is very unlikely that Bitcoin will fail due to its huge usage and growth. If you were holding Bitcoin when the price was $25k, you would be part of a recent recovery scenario.

nothing to do with doge. but this i think is because the investors are already seeing this coming which we have been down to the bottom and its about time that BTC will go up.  they are also hedging against the dollar that seem to be dumped by different countries so its a good time to get into BTC which we are seeing its reaching higher highs.

bank crisis continues so its really time not to be a boomer.

I think this topic best fits in speculation....

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I don't know how you come about to even reason that Elon's dodge could be the reason bitcoin is at $30k. It is ridiculous to even imagine or conceive. Since we have know this market, it has always been Bitcoin the king who drives the market. When did the king hand over the mantle of driving the market of a meme dodge?

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Bitcoin good performance should be related to Fed decision of not raising the interest rate and again as bitcoin halving is approaching, many are trooping in to secure their place .

It's a sight to behold how Bitcoin's value skyrocketed beyond everyone's expectations. The reason for this could be attributed to the recent surge of Dogecoin's popularity and the spike in interest rates. It's pretty interesting how people's fancy can switch so quickly when it comes to digital currencies. Makes me ponder if we're witnessing a new era where conventional banking methods won't hold as much significance as they used to.

Inflation is totally going through the roof these days, and people are getting super worried about their savings. That's why a lot of folks are turning to investments like Bitcoin, hoping to keep their money safe. It's crazy, but it's actually kind of an exciting time to be into finance, you know?

Just like what DeathAngel said the news around dogecoin is just hype and most people are just buying for the sake of FOMO. Bitcoin has been on the raise since the turn of the year and has moved up to 80% of last years ending value of $16k. The surge is greatly influenced by the recent bankruptcy saga faced by many notable banks like Silvergate and Silicon Valley.

Also the continued political threat to the dollar as an international exchange currency has driven some people towards saving in valuable assets like the gold and bitcoin.