Topic: What is the reason for the increase in the price of Bitcoin? (Read 730 times)

In general, the factors that cause the price of bitcoin to fluctuate are generally known, but as the bitcoin economy grows and adoption, the price may become more stable (lower volatility).

Until now bitcoin is in demand by large investors and retail traders to make profit, while its adoption as a currency or means of payment is still too low compared to investment and trade. It will take a long time for bitcoin to become more stable, and perhaps when adoption reaches the global stage then things like this will be possible.

Along with the increasing number of new adoptions, the price of bitcoin continues to increase in price. However, actually the rise and fall of the bitcoin price is influenced by many factors. one of them is because investors' worries and fears about the financial sector such as monetary policy, tightening regulations, and anxiety about banking have made the momentum for bitcoin and other cryptocurrencies to rise.

Heres a good guide to watch for the advice on speculation of every asset pretty much, from forex to commodities and even BTC he trades and watches the dynamics unfold.  Often to his advantage he is a very famous trader going back to the 80's  some will know his name well, just posting this link for a clip discussing BTC from a main market traders perspective: https://youtu.be/qIyYOc-sUSI?t=274
The relevance to this topic is that Tudor immediately points out that BTC is the only asset he trades or knows of that is absolutely supply controlled beyond the reach of anyone therefore it will behave like no other asset.  If we wonder why BTC moves like it does this explains alot of it, just dont get too ahead of it thinking it will always perform the same way of course.

I think the increase in bitcoin is a factor of high demand so that it makes limited stock and automatically makes the price go up, as we know that currently the bitcoin marketcap is more than $ 500 billion and it is almost impossible if someone can control the price of bitcoin, it is only natural that the trend of bitcoin users continues to rise because many feel that they get big profits.

In my opinion, the factors that make the price of Bitcoin rise are because the number of users continues to increase, if we pay attention to transactions in the blockchain, we will see a lot of transactions with large quantities, I have ever had a transaction of around 12k Bitcoin or worth more than $ 345K, this proves that Bitcoin has good potential in the future.

That was a nice explanation. In addition to that, the demand  decreases when the price goes up and the opposite the true. In fact, the market is always affected by the news mostly in a negative way.  Moreover, the capitalists ( the ones who own large amount of BTC ) have the capability to control your price. They would not let Bitcoin’s value rise outstandingly. When the demand is high, the whales move their funds to decrease the price, it is whole manipulation and game created by them. However, we must deal with this situation due to we don’t have the ability to change anything in market.

As we know that bitcoin has a decentralized concept so that all prices that occur are due to situations that occur in the demand or selling market, the higher the demand the higher the price, but it is commonplace that bitcoin is used by people to earn income, namely daily trading, they those who have the ability and large capital will find it easy to profit because bitcoin price fluctuations are very high.

I agree that you shouldn't invest all your money in bitcoins and for me that is a better decision.
It is wise to think that bitcoin does not guarantee returns as expected even though bitcoin has proven to be the best performing asset so far. If they don't want to diversify assets, then having a cash reserve is the recommended option instead of investing everything in bitcoin. I believe bitcoin is the best option, but however we never know what will happen in the future.

It's not always based on FOMO, because the very basis of an increase in price is the frequent occurrence of more demand in the market so that prices tend to change more quickly in Bitcoin. Apart from that, there are also other factors that can increase the price of Bitcoin, such as when a large bank goes bankrupt, which causes money depositors in the bank to divert their funds to various other assets. And those who already know about Bitcoin before, it is clear that it is very possible to put their money into crypto to buy Bitcoin.

Bitcoin adoption can also be an additional factor that increases the price of Bitcoin, because the adoption of Bitcoin in certain countries can also increase the level of people's trust in Bitcoin, which can also have an effect on increasing the demand for buying Bitcoin itself. So I look more at how the level of demand that occurs in Bitcoin besides the FOMO factor which also has a role here.

Apart from that Bitcoin has so far received increasing new Adoption as well as demand and supply which are reportedly increasing, FOMO also plays a role here with the fear of losing potential profits later making demand increase, moreover now Bitcoin can be used as an alternative in several Aspect, of course now with this alternative they are increasingly hunting for Bitcoin adoption.

Basically it is difficult to know exactly what factors make the increase in the price of bitcoin. However, perhaps one of the reasons for the recent increase in bitcoin price is due to FOMO. It is well known that FOMO is basically Fear of missing out on potential profits has also driven Bitcoin demand, especially among retail investors.

Maybe investing all you have in Bitcoin isn't a good idea, but investing a part of your money wouldn't heart, especially today. I mean, Bitcoin will most likely reach a new ATH, like it always does, so today when the price is less than half of the previous ATH, and that shape of economy you are talking about, it's probably wise to buy some BTC. Only I would suggest to invest the money you can live without for the next year or two, just in case.

Bitcoin is slowly gaining adoption because people can feel there is something wrong with the economy, politicians have been very skilled by blaming this on the pandemic, the supply chain and many other excuses they are using to not admit they printed too much fiat during the pandemic.

But even if people do not understand why the economy is in a bad shape they can feel it on their pockets, as the price of everything is growing while salaries remain the same, and they are finding on bitcoin an alternative to the fiat system which has failed them.

Many people still don't know or understand about virtual currency and sometimes people only know about the name Bitcoin but they don't know what the benefits or uses of Bitcoin really are. it is the interest of people like that that is increasingly growing new enthusiasts from Bitcoin.

The thing that makes us optimistic about the future of Bitcoin is the number of users who continue to grow, when there is banned in a country, a unique thing happens because the number of users in the country continues to grow, no problem if there is banned because users can still sell in the top exchanges and can receive direct payments via banks.

That's what I think too. Not only some negative news can affect the market, but a positive one can affect it too, and it may happen unexpectedly. So, what can we do about this situation apart saying again and agian that Bitcoin is unpredictable? I think we can be pretty sure about one thing: a new ATH will be reached somewhere in the future within 2-3 years max, because it has always been like this, and there's no reason to think that the world of finance has changed dramatically during the past 2 years.

Bitcoin is a very dynamic investment, if we want to sell property it takes a long time to sell it and of course it takes a long process of taxes, letters and so on, but if we invest in bitcoin and profit then want to sell it only takes a few seconds, this is what make anyone want to invest in bitcoin.

I have consulted some analysis from traders I know, many people think that for bitcoin to really enter the bull season, it needs a strong rally to 35k-40k, and it can be said that the bear season is over. And if BTC fails to hit $35k or more, there will be a sharp correction back to $20k. But for me, the market is unpredictable, even if bitcoin crosses $30k or $35k, there's no guarantee it won't fall back. Just one negative news, a black swan can disrupt all our analysis. This year is not yet the year to expect a real bull season to come.

and evidently now that March is over and BTC failed to break $30k, I think $30k is currently a strong resistance and if BTC manages to break through that resistance the possibility to go higher is wide open. let's see where bitcoin price goes after this.

Anyone that is smart enough to interpret what is happening is accumulating coins as we speak, not only the day the halving comes is getting closer but there are reasons to believe the economy could begin to show signs of fragility, and if that is the case then you need to invest in assets which could resist the turbulent months and years which may come.

And while bitcoin does not have the track record of gold, its technology is solid and people believe it will do well under those conditions.

I think the price increase that is happening right now is a positive sentiment in the market, there is news that the world's big companies are buying bitcoin in large quantities and this can be seen from transactions on the blockchain, of course this is promising news for the future of bitcoin and we will see big surprises which will start from April.

The basis of bitcoin can rise is a decentralized system working effectively, the price is determined in the market based on stock and demand, and when demand continues to increase, the price will automatically continue to rise, and this March there is still 3 days to be able to penetrate the limits Previously it was considered difficult, which could reach $ 30K.

Everything has two sides to it, bitcoin being held by large institutions will make bitcoin more centralized and more susceptible to price manipulation. But on the contrary, it proves that bitcoin is getting more attention, and if we want bitcoin to become more and more popular, we need big countries and corporations to accept bitcoin. To be honest, it is tough for bitcoin to become more popular and solid if it is only based on small investors like us, we need the participation of the big players. We need trade-offs to achieve the goal, and as bitcoin becomes more popular, more people hold bitcoins, and bitcoin becomes more decentralized.

I think the price of Bitcoin is influenced by many factors, including demand and supply in the market. Like the adoption of Bitcoin by large companies, wallets and exchanges can increase demand, which in turn can drive up prices. In addition, other factors such as positive or negative news about Bitcoin, government policies towards cryptocurrencies, and unforeseen events such as pandemics can affect the price of Bitcoin.

However, it is important to remember that the price of Bitcoin is very volatile and can fluctuate a lot in a short period of time. Prices can rise and fall quickly and dramatically, sometimes due to market factors, and sometimes for no apparent reason. Therefore, it is important to understand the investment risks associated with cryptocurrencies such as Bitcoin and carry out adequate research before making an investment decision.

Yes, this is the most likely reason for the recent bullish bitcoin's tendency, added to some whales who saw this as an opportunity to grow their holdings in a decisive moment for bitcoin market. Today MicroStrategy company, which is a whale, announced they are going to buy more 6.455 BTC for 150$ million dollars. That is just an example of how whales behave in such bullish markets and besides MicroStrategy there must be more of them.

On the other hand it means bitcoin gets more centralized on the hands of few investors, what isn't good for the long term sustainability of the currency's price.

What about in a bullish trend? It can sometimes be temporary or also called as a bull trap. Positive and bullish trend both are the same and they indicate an increase in the price. No need to make this a big deal. I don't think there are many people who are buying more when the bulls are now close when the golden rule here is to buy low and sell high, not buy high and sell high.

There must be other factors on why we are seeing an increase lately. It can be related to the USDC issue. Crazy isn't it? The market supposed to crash because the news is negative but it's not the first time it happen. We also have negative news in the past that triggers a pump.

But it's not like some secret information, the history of Bitcoin I mean. They can google it, and use their own head to estimate the probabilities of what's going to happen to BTC price in the future. If something was not only recovering after some big crashes, but was always reaching new ATHs, maybe the same thing will happen again, no?

Another factor is that while the bear market lasted for a long time and it had a significant effect on the price of bitcoin, at the same time it was not as bad as many people thought it could be.

So when people began to see that the price of bitcoin was recovering they immediately took advantage of the low prices thinking that if they did not took action now they may never see bitcoin below 20k again, and taking into account how fast the price of bitcoin increased, it seems to me those investors had a point and we could have left 20k behind for good this time around.

Bitcoin started an upward trend when the US Silicon Valley Bank was rumored that going to bankrupt. After spreading the news of Silicon Valley Bank bankruptcy Bitcoin suddenly showed a glimpse of a major bullish trend when negative comments came about other banks as well. Bitcoin stopped at $19000 to $28000. But at present this situation prevails. Moreover, since the results of the Fed have been positive, the crypto market is also in a good position till today.

In my opinion, there are several reasons for the recent jump in the price of Bitcoin. One reason is that governments around the world are printing more money to combat the economic impact of the pandemic, and some investors see Bitcoin as a hedge against inflation. In addition, more and more individual investors are buying Bitcoin because they realize its potential as an investment.

It is very difficult to know exactly what factors make the increase in the price of bitcoin. The rise and fall of bitcoin prices is influenced by many factors. Therefore, there is no one specific reason for the increase in the bitcoin price.

actually positive and bullish trends are different, usually in a positive trend the price moves up only temporarily and does not increase significantly like the bullish one. there are many factors that cause a positive trend to occur, for example good news or getting closer to bullish. I think the recent increase in price is due to a lot of investors starting to buy because the bullish are getting closer.

There will still be more price shocks for Bitcoin and if next month there is another increase from the current price range, it will certainly be a very different outcome which could even be close to the $30K range. For traders, they only think about the profits they can get in conditions like now, but for investors and whales, they will certainly be happier if the increase continues and there are no too large corrections on the sidelines of this increase.

I agree.  I think this could be the impetus for bitcoin to break $25k-27k in a row.  Like a boom, i.e. water bursting banks along with the difficulty of inflation - loss of confidence in government, bank collapse - confidence has dried up.  Bitcoin is the spark they expect, everything moves very logically.

I think the reason for the increase in the price of bitcoin is that the number of companies investing in bitcoin is increasing. Also the price of bitcoin has increased significantly this year which has boosted investors' confidence that bitcoin will see good growth in the future. Also the acceptance of bitcoin as a means of payment has greatly increased commercial organizations have invested hundreds of billions of dollars in its pursuit of financial benefits.

It's true that the increase in bitcoin cannot be related to the printing of money that was done by the FED some time ago, I think more about the crash of the FIAT bank which is one of the trusted banks in managing customer money, because that is the factor that causes positive sentiment towards bitcoin for alternative investments for investors, plus the positive sentiment from printing money, it does indirectly affect the price and investor confidence in bitcoin.
There should have been bad sentiment towards bitcoin since Silvergate crashed but thankfully the impact of that was overshadowed by the SVB bank crash.

I think the more than 50% increase since this year is a fantastic increase, the start of the year was around $17k and now it's over $27k now, and I think the current increase is the start of a bull run, it doesn't matter if anyone says that this increase is pump for a while because the whales will sell and shake again, but the most important thing is that we get profit.

I think the thing that makes bitcoin prices increase is the community that continues to grow, according to reports in many countries stating that active bitcoin users are increasing, in Africa there is an increase of up to thousands of percent so that automatically makes demand increase, even some top exchanges like Binance are also expanding in the African market .

As we know that bitcoin is a cryptocurrency with a decentralized concept, of course the price is very much influenced by market conditions, sometimes prices go up or down, because the more popular bitcoin is being adopted by many large companies to develop, wallet and exchange developers usually store large amounts of bitcoin so that they make demand increases.

I think it is quite important to also remember that if you keep on trying to buy it at a cheap price then you will also end up getting in too late as well sometimes. Some people buy it when it is cheap, and some people wait for it to get even cheaper and wait and the price goes up so they are too late to buy at that price, it's too late.

I would say buy it whenever you want to, do not really wait for excess time but even if you do, just buy it whenever you want to, because it will go up eventually, even above ATH, so it should be fine if you buy it right now or before or later, because in the end you are going to profit from it one way or another.

Looking for the cause is also not wrong in this case, because when you want Bitcoin to fall immediately so that you can buy it at a cheap price, you will also find out what things can make Bitcoin fall in the market. Because you are waiting for a desire that is not a dream, although in the end you will also hope for an increase and will find out what things can make Bitcoin increase.

Because the market is not to be enjoyed and even if it can be enjoyed, it is not like someone who is enjoying a cup of coffee on the terrace of his house accompanied by wet cakes. So everyone needs to find out the things that cause Bitcoin to fall and cause Bitcoin to increase because that is also part of the science that Bitcoin traders and investors need to know.

It seems so, because he is just waiting for his wish to come true in Bitcoin without wanting to know what things can have an effect on increasing and decreasing Bitcoin. And I don't think there will be as much confusion as he said when everyone wants to know about the reasons why the price of Bitcoin has decreased and increased, because successful people are not people who just enjoy the atmosphere as it is, but those who are successful are those who continue to think without feeling dizzy with everything they have seen and felt.

My thoughts as well, the traditional banks has been collapsing of recent and people are beginning to lose trust in them. They are searching for new alternative and the next alternative has to be Bitcoin and that's why only Bitcoin is pumping as the Altcoins hasn't caught the wave yet. It'll continue like this since the sentiment in the market is that it's still beerish.

FED printing money can have different impact, maybe if we were in a bullish market then such news can pump the market and then all coins will be impacted but as it seems only Bitcoin is benefiting which is why the lack of trust in the banks narrative is more believable as people are looking for where they can trust.

You don't seem to be a proponent of predictions. Because on the background of news, events, you can predict the rise or fall of the price, which will allow you to have a more favorable position.

One reason for the increase in the price of bitcoin is undoubtedly the banking crisis and the freezing of funds. People have perfectly understood that if they do not own the keys to the account (figuratively speaking), they can lose their savings at any moment. Add to that the versatility of bitcoin and its high liquidity.

I think it isn't the way how the price of Bitcoin increase in terms of fiat currency.  I believe it is still dependent on the USD that is pour in the Bitcoin market.  Even though the amount of inflation of USD greatly increases, if it is not injected into the Bitcoin market, the price of bitcoin will not increase.  for Bitcoin to increase in price, fiat currency must be injected to the market, thus creating demand that will consume the supply.

In general terms, it is obvious that demand out weight the supplied reason why Bitcoin increased in price.  The reason for the influx of demand is because of the news and fear about banks getting bankrupt and the possible loss of money if not pulled out of the traditional banking system.

yes, it's still good if you buy under 30k, if the person has never owned bitcoin before, this is a golden opportunity to save long term. but people who are just entering the crypto world are always reckless or afraid of what will happen if the price of bitcoin goes down making new people discouraged..?

Of course, 1 BTC = 1 BTC, however, in fact, the price of bitcoin is expressed in fiat currency (specifically, in US dollars).  

Therefore, an increase in the supply of the US dollar in the market leads to an increase in the price of Bitcoin.  

Currently, the Fed and the US Government are facing a crisis in the banking sector.  There was an urgent need to change the banking legislation, in particular, the rules for the revaluation of securities stored in the bank.  

At the same time, before making changes to the banking legislation, it is necessary to make an inventory of the assets of all American banks.  Recent events raise the suspicion that some of these banks are in poor financial condition, and perhaps even show signs of bankruptcy.  

Therefore, financial assistance to American lending institutions is a necessity.

And these actions to provide state assistance to banks lead to an increase in the price of Bitcoin.

In my opinion, many people who have never had BTC before, were planning to buy some for many months now. Knowing well that in the not so distant future Bitcoin price will reach a new ATH, meaning $70k+,  they were still waiting for the lowest price possible to invest in BTC. Now that it's rising, and they obviously missed a below $20k buy, they want to at least buy at below $30k. And I personally think that buying below $30k is still a very good deal, so they are doing the right thing, those who are buying today.

what is certain is that many wealthy people switch to bitcoin or altcoins, making the price and volume of bitcoin go up. Bitcoin has been around for a long time now and all of this requires a process for everyone to believe that Bitcoin creates something more interesting in terms of any category. social media is now filled with crypto in the process people will learn and curiosity increases making people switch

its nothing to do with fed reserve or inflation

its much more simpler

idiots preferd to hoard stablecoins($) instead of btc
this SVB /signature risk on stable coins scared some into wanting to hoard BTC rather than stablecoin

also the whales of futures markets lost a couple bets and so they have stopped betting futures as much and thus not needing to cause resistance walls on the spot markets. and so allowing the spot market to resume being a "free market" again

however the resistance is building up again and we might see new lines occur to stop the speculation going to high again

..
bitcoin has its own markets and price discovery speculations. it is not a sheep to wallstreet

Same for me, I used to overthink about bitcoin price but now I am fully into bagging as more as I can. Now I follow a simple strategy and I think most people are doing the same which is buying more when the price goes down and forgetting about it until the price hits the target.

Nothing could really pinpoint of what is the reason for the current pump and I don't know if we should really think about it. Because not all pumps (and dumps) should always have that and we have to consider the volatility of the market as it was expected to see the abrupt change in price trends at any time.
However, the conflict between Russia and Ukraine soon ended which is also a factor affecting the increasing demand in the crypto market. And the other thing to consider as a contributor to the current pump is the recovering economic status of major countries.

Most likely this is due to problems in the banking sector, part of the money is redirected to bitcoin, but it can also be manipulation, show local growth in order to present bitcoin as a protective asset against the banking system, but in the future we may expect a further downward movement of bitcoin, so far I'm not sure that bull run has begun. To do this, we must go through a phase of despair, which I have not yet seen, after which growth will begin.

We have millions of other banks, and only 3 failed, so how can you say that people are looking for alternatives and they are afraid of banks? There is no correlation between the rise of bitcoin and the collapse of banks, which causes the price of bitcoin to rise. If bitcoin rose thanks to those crashes, then why did bitcoin stop and only increase when the US government pumped money to save the banks?

Like any other asset, Bitcoins follows the policy of supply and demand. Bitcoins are limited in number, hence when the demand of the coin increases, the price also increases to fulfil the demand. This is just the basic scenario to understand how does the price gets affected. Moreover Bitcoins also follow many other factors, for which it’s price increases or decreases. But generally the sharks play a major role in manipulating the price. Currently Bitcoins are at a great price to be bought, so before the actual bull market hits, buy as many coins as you can.

Many believe that the collapse of banks is the cause of bitcoin's price increase as people lose faith in banks and start switching to bitcoin. But the mass collapse of this bank did not cause any damage to depositors, everyone was guaranteed a full refund. Perhaps this is just an excuse for sharks to create Fomo in the market since there isn't any correlation.

Sentiments of the investors towards what's happening right now.
I believe that's what makes the price of Bitcoin going up.

Banks are against crypto. Some banks are now struggling. Banks like Silvergate, SVB, First Republic, and even a well-known bank which is Credit Suisse is having problems right now. I don't know if it's somewhat correlated, but I believe what's happening with the banks right now is a good thing for the Bitcoin investors, thus the sentiments is changing. People are more optimistic thus, people are buying Bitcoin, and that increase it's price.

Markets are heavily driven by emotions and sentiments from investors.

This could be due to a lot of reasons. Though it hasn't been doing any bad since the beginning of the yearbook. Moreover, investors seem to be falling back on bitcoin while they are beginning to doubt if Credit Suisse and Silicon Valley Bank were regulated.

The price of bitcoin rises because of investors' trust in bitcoin if investors have lost confidence in bitcoin and they release bitcoin then the price of bitcoin will go down even the value of bitcoin can be exchanged for one pizza.

I think there's no need to bother too much about why bitcoin goes up or what causes bitcoin to drop. Bitcoin is a financial market, and its ups and downs are inevitable. Enjoying it instead of looking for causes won't help you either. Bitcoin is rising, but I prefer it to fall, I expect a strong correction soon for me to buy it, I like to buy cheap rather than high.

The market has been let’s say in the a bull trap since the start of the year as the new banking policies are pushing people away from fiat. Top banks been faced with bankruptcy and the much news around hyperinflation has pushed the bitcoin price and I expect it’s rise since with many new investors in demand because of the next halving

The next  bull run is expected to be 2024 . SO it is rally that has been started and BTC price has been risen up day by day.

Last week 3 Banks in the US went down, Silvergate Bank on March 8th, Silicon Valley Bank on 10th and Signature Bank on 12th and if you look when the market started rallying it gives a clear idea why the BTCitcoin market started rallying, after all BTCitcoin is created to be an alternative when fiats and banks fails and people are identifying that and moving their assets to BTCitcoin and hence the rally.

Various reasons can be framed for the sudden increase in the price of bitcoin. The prime reason for the bullish move is the failure of the Silicon Valley Bank. A huge amount got withdrawn from the bank and the same is the reason for its bankruptcy. Most of the money used could've been invested into cryptocurrency and the same could've boosted the market price cross the resistance barrier $25k. Now the government have involved into the case and the state's federal reserve gonna fund the people and federal reserve could've entered earlier so that this problem could've been overcome earlier.

The price that bounced all the way have begun to decline as it is quite common to experience bull for some reason and take the position from which the real growth movement got a deviation. Possibly the market will undergo correction and thw real market moves will continue.

Obviously, the sentiment of the market is positive due to the current bad events in the traditional financing system.  Bank system failure make investors lose trust on the traditional financing system making them to look for alternative and that is where Bitcoin comes in.

Although I think that the end of the bear market often happens in the last quarter of the year before the halving, it is possible that the transition of the market will come early this cycle.  But it is also possible that this price trend can be another bull trap just like what happened when BTC touched 24k on its last rally before it plunges to sub $20k.

Bitcoin is rising because:

- bear market is just naturally coming to an end as it always does a year-plus after the bull market ends.
- some banks failed this month and bitcoin is the only way to store money without banks
- inflation is coming down plus banks failing makes it likely the Fed will be more cautious on raising interest rates as high as they otherwise might have, and higher interest rates scare investors from investing so this is good for bitcoin
- bitcoin broke through the resistance in the $25,000s which was the bottom of the market resistance, so its much easier for the price to go up now because there is less resistance holding it down (the market had spent a few weeks trying to take down that resistance level)

of course there must be many factors that cause the price of bitcoin to rise, but of course we just had the old bear market, namely in 2022.
so in my opinion it's only natural that today's bitcoin has increased because people who buy bitcoin in installments must have accumulated more. so in my opinion the cause could be the reason for the increase as you mentioned but what is certain is that there are many other things that cause the price of bitcoin to rise, so it is only natural that today the price of bitcoin will increase, because it has been in a bear market for too long.

and that's all i know.

I do not think that the money that the Fed pumped reached the Bitcoin platforms. It started less than ten days ago, and it is impossible for all this liquidity to move quickly for Bitcoin, and it is intended for the money of depositors.
I might have some scenarios like:

• Expect the Fed to change its monetary policy and not to raise interest rates at the next meeting.
  
• Touching the resistance barrier several times makes it weaker and thus easy to break.
  
• The lack of trading volumes between 24k and 28k, note that we almost broke the top less than a month ago.

While there is no doubt that bitcoin seems to rise amidst the adversity, I don't think the reason why bitcoin is increasing in value is due to money printing. If anything, it only ever lowers the value of the dollar down, not increasing the value of bitcoin.

You can't attribute bitcoin's increase in value to the halving too, coz that's not due until 2024, and frankly put, no one's that giddy to wait for a couple more months when things aren't as appealing in the real world anymore.

Simply put, we don't have a single idea why bitcoin is increasing in value, it could very well be previous SVB consumers and clients injecting what was left of their money onto bitcoin in hopes of recovering from the losses, it could be other things, and we can't stay thankful for bitcoin's increase since we don't know if it's sustainable yet considering how bleak the situation in the outside market is.

There are different things that make bitcoin to pump/increase in price. But the one I know is when more buyers storm the crypto space then the price would increase and when more people sell the price will come down or decrease. From Economics analysis approach, FED injection of dollars to the system has nothing to do with the increase of bitcoin, yes there is a supportive hand to some extent but it is not because of the injection that make the rise of bitcoin. This has been predicted since last year that bitcoin will go up this and it will not be the ATH. The ATH will be in the year 2024 and 2025.

So as for the increased not bitcoin in thus year is not a surprise to me. I was expecting it so I am okay well inform on it.

It's still due at q2 2024 so I think that's probably not the reason but overtime that's what we're believing in. I'd say 2024 it may start and then reaching new highs will be at 2025 but yeah lot of more room to grow the next year, so it's not impossible to reach new heights. Not to be overshadowed by that narrative but in the long term it's really profitable if you have patience.

Bitcoin halving is approaching. Also, although the FED is still far from where we want it to be in terms of interest rate and money printing policies, this situation will change. I believe the next bull market will begin this year and BTC will reach its ATH next year.

I think we can't compare though the Feds injecting more money that time as to today.

People panic because of the virus, there are no clear understanding as what or who causes it and obviously not just crypto or bitcoin falls that time, every traditional market collapses, stocks, oil etc.


The narrative or expectations of investors now are different though, when government injects money to save bank, so as the bank fails, investors opt to other assets to hedge their wealth and bitcoin might be the number 1 logical choice, or maybe gold or maybe stocks.

Or maybe this news as well:

https://decrypt.co/123295/binance-swaps-busd-stablecoin-bitcoin-ethereum-bnb

Perhaps the OP is correct; skeptical. When more investors show interest in it, bitcoin usually increases in price. That indicates to start pumping and raise the pressure. Who knows, though, what is really driving the pressure to buy. I haven't noticed any significant good news, but it appears like Bitcoin simply started pumping up. But I agree with the OP that if money were actually injected into the economy, the amount of fiat in circulation might have increased. As a result, fiat is also being injected into bitcoin. Hence, to me, this is a viable explanation.

Include sources to reports you make in your threads for other users to read more if they want to. After a bit of research I found this link which talks about the $300 billion emergency fund and how it was distributed; https://www.pbs.org/newshour/economy/federal-reserve-lent-300-billion-in-emergency-funds-to-banks-in-the-past-week

Another failed firm, another injection of funds to fix the problem and another hole in the balance sheet. The fiat cycle continues, however flawed the system is, it forces itself to keep turning.

On the Bitcoin price it has been experiencing good movements for a while now, that cannot be pinned on any particular reason.

I read an article[1] stating the reason why Bitcoin price is currently uptrending and it does make sense.

The article stated that some of the factors why Bitcoin price is surging because of the following:

• Banks are failing
• Stablecoins are not stable and they need banks to be stable
• Federal reserves pulling back on rate hikes.

These events weaken people's belief in a centralized financial system and turn their trust on Bitcoin making the market sentiment bullish.

This is the chart presented by the article on how Bitcoin price trends after the news of the bank runs and bank failures which gives proof that bank failure give a positive impact on Bitcoin market

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[1] https://www.coindesk.com/consensus-magazine/2023/03/17/bitcoin-banking-crisis-silicon-valley-bank-crypto/

As of yesterday, the price of bitcoin was $28k and today the price of bitcoin is $27k.
From my understanding, the price always rises once there is an increase in directives, and this makes those who has invested on bitcoin happier than those that haven't yet to invest on Bitcoin.

We've got having two source of printing, stablecoins printing their new supplies and the FED as well. These are the two injections that we're having to the market but that doesn't mean that bitcoin is solely reliant on it.

These can't be avoided and it's them, the FED and US government that's deciding on this one. While the impact of it is really being felt by most of us, we're not just abiding with the negativity of it but as well as the beneficial part for bitcoin and the whole crypto market.

FED and other central banks globally printed huge new circulating supply of fiat currencies since Covid-19 pandemic. It is a common story in the past 3 years and not new with us.

Do you think why Bitcoin rose to $69k because of money printing, assume it is true. Do you think why it fell from $69k to $16k, because of same reason money printing?
Now you turned to think that it is rising and will rise more because of money printing.

Is any logic in your thinking?

Wrong, during corona pandemic in 2020 the FED injected more money at March 13, 2020 [1], actually when the FED announce to inject more money Bitcoin price is dump from $8K to $5K, it's not increasing.

The collapse of 2 banks and FED injected more money in this year had no relation with the sudden pump of Bitcoin price. FED prints new money will make the value of the dollars decreased, but it doesn't mean it will increase Bitcoin price.

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[1] https://www.vox.com/policy-and-politics/2020/3/13/21178457/1-5-trillion-stimulus-loan-fed-federal-reserve

The Federal Reserve is adding another $300 billion to their economy.  This is basically one of the main reasons behind the increase in the price of Bitcoin.  This news has affected the prices of stocks and cryptocurrencies everywhere.  In this regard, market researcher Holzer said, the central bank has added a lot of dollars to the economy, so the market is seeing so much growth all around.

The failure of Silicon Valley Bank and Signature Bank was the reason why the Federal Reserve decided to inject dollars into the economy on an emergency basis.  Banks borrowed about $150 billion from the Federal Reserve, the highest since the 2008 global recession.

Adding dollars to the economy is not new, nor is it the first time that banks lend dollars at low interest rates.  During Corona in 2020 the Federal Reserve added dollars to their economy after which we saw Bitcoin rise from less than $4000 to almost $7000.  Many believe that the US will add more dollars to its economy in the coming days, which could push the price of Bitcoin to new highs.

The former CEO of Bitmex said that the more currencies are added to the global economy, the more likely the price of Bitcoin will rise.  But the central banks of China and Japan are doing exactly the same thing as the Federal Reserve.

Thanks Guyes.