Topic: Five Reasons to Impact Bitcoin Prices - page 7. (Read 1902 times)

Strong momentum also could be a reason that impacts bitcoin price. All the regulatory progress, rising growth of visibility and last but not the least investors interest these factors are being beneficial in a great way for bitcoin.

If we analysis the chart of investors interest in bitcoin then that will make us acknowledge how the growth of investors interest has been increased. That is definitely a strong cause behind this.

There's also been a spike on Google Trends for Bitcoin!

I thought the decision was delayed, not that it was denied.

There isn't any indicator to determine that if these are the real reasons why bitcoins price has been doing this in this period.

The  major reason that impacts Bitcoin’s price is the growing visibility of it. Online search of Bitcoin has been very high all over this month and the rate of social media posts regarding bitcoin have also helped reach a record.

The Bitcoins Exchange Traded Fund licence was the biggest news to have drive the market to the desired price but I think it denial by the SEC will bring the confidence mainstream investors has about bitcoins investing.

  -BTC 5/8 price is trading at 7000 USD / BTC, down 6,9% , market capitalization is 127 billion USD and cash flow is over 17 billion dong according to Coinmarketcap. The BTC's non-braking slope also caused the entire altcoin to turn on red lights. Most notably, TRON's Justin Sun recently featured prominently including Tron's recent acquisition of BitTorrent and uTorrent, the launch of Tron Virtual Machine (TVM), and a secret project later announced as the Project Atlas) but still swept the wave of the market.
  -Five reasons are thought to be the biggest impact on BTC pricing:
       +HitBTC reported hardware failure: The recent tight control on the HitBTC trading floor caused the inhibition of the user community causing the BTC market to suffer a psychological blow after this incident.
       +Bitcoin ETF was denied the license by the SEC. This is considered a major factor causing Bitcoin to drop immediately and causing the market to fluctuate sharply in the past few weeks.
       +Korea taxed the digital exchanges. This news has caused a gloomy atmosphere for the whole market including BTC
       +The recent virtual trading on the BitForex trading floor, a deal on Coinmarketcap, has raised concerns about market manipulation, a loss of confidence in electronic money transactions.
       +Bitcoin's trading profile has changed, noting that the cash flow was flowing back from the altcoins into Bitcoin and Tether (USDT). Indexes for the movement of funds include Bitcoin dominance of market capitalization, up to 48%. In addition, the USDT transaction now accounts for more than 21% of the total volume of the electronic money market.