What triggered the sudden rise in bitcoin price? - page 5.

Kakmakr

legendary

Activity: 3514

Merit: 1963

Leading Crypto Sports Betting & Casino Platform

There are a lot of speculation and rumours, but none of this can be validated. Some people say that a single trade of 20 000 bitcoins on 3 exchanges, triggered a bump in the price and others are saying that physical delivery bitcoin futures contracts are being funded now.

Exchanges are not allowed to divulge specific details on people's private trading, but observers can say if there are abnormal trades that might have triggered some movement in the market. Wink

Whatever happened, should just continue, because we are lovin this. Cool

fiulpro

hero member

Activity: 1862

Merit: 830

You will find articles concerning how it's due to brexit or something but I think it's just because the whales are back in the market and what's better to invest , when it comes to cryptocurrency *Bitcoins* off course but you know you should see that there are many other currencies whose value is rising with Bitcoins that's just because most of the major exchanges are interconnected , most wallets support BTC to other currencies buying and selling thus since the Bitcoins is going great others are seeing the profit too, I think this is very nice it just increased to 20% more , let's hope it shows us 2017 again 🙄🙌

tweetbit

full member

Activity: 560

Merit: 112

The whales are likely testing the water as they say.

No greater news that can uplift the bitcoin price on its value than “the hype”.
Popularity, panic buying, and trust issues will be back on track with it. So we may have a trend or just for a while to sink again.

avikz

legendary

Activity: 3080

Merit: 1500

Quote from: QueenVera on April 03, 2019, 09:05:19 PM

Just notice my bitcoin in my wallet have increase in value but I can't find any major news after doing some research that must have triggered that price rise then remembered I have an account on BCT-talk. I have not been following up with latest news as my work is eating up most of my time but I have some decent amount of bitcoin and don't want to be left in the dark. Anyone with an idea what triggered the sudden price spike.

There is indeed no major news about this spike. However, I was going through the Reuters website to gain some perspective and found the below news,

https://www.reuters.com/article/us-crypto-currencies-idUSKCN1RE0JY

I encourage you to read this where close to 20,000 bitcoins were transacted in three major exchanges but algorithmically managed by one source. I don't know how to define this but it is an interesting read, especially in this dicey situation!

sidkz

copper member

Activity: 1218

Merit: 1

this growth was made in a very short period of time, and there was not any positive news, perhaps a rapid fall may soon follow, all this is very suspicious.

QueenVera

hero member

Activity: 1106

Merit: 570

Just notice my bitcoin in my wallet have increase in value but I can't find any major news after doing some research that must have triggered that price rise then remembered I have an account on BCT-talk. I have not been following up with latest news as my work is eating up most of my time but I have some decent amount of bitcoin and don't want to be left in the dark. Anyone with an idea what triggered the sudden price spike.

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