Bitcoin Forum

What is the main reason for this unexpected surge ? Almost 45Billion$ has been added to the marketcap in just a day.
If you have any info, It'll much appreciated here.

Well market is red for an unexpected amount of time, this green market is not unexpected (to me). Q2 is an historical good quarter (past 4 year always green) and maybe whales are coming back on crypto market. I don't know if this is the moment when bitcoin will come back at 10k but I hope it. Remember speculation from whales change the market and we can do nothing cause we are small fishes, even the lucky ones with 100+ bitcoins are small fishes.

Big whales and investment companies have probably decided that bitcoin has reached it's bottom and they've decided that there is now way to go but up. I suspect we are in for an uptrend for a few more days. The only scary thing is when these companies decide to take profit. I hope they take profits slowly and not cause further market crashes.

Well, this price rise isn't unexpected but long overdue.  The market has been bleeding for months and it's time for the bulls to return.  This recovery will be strong and gaining 45billion is nothing compared to the highs during December of last year.  

that's the weird part, due to it being so long overdue and then just randomly jumping up over $1k in like 20 minutes, that's quite suspicious.
I hope we're not in for a huge dump soon  :o

I think because the market situation in 2017 is very good, therefore now the market and altcoin prices have decreased and no wonder if the recovery can get 45 billion because this is nothing from the year 2017 December ago

I also consider this yearly graph perspective. One thing I consider this surge, the cryptocurrency TAX in USA. The deadline will be in this week, April 15, 2018. Almost 25Billion+$ are expected as TAX. I am not certain if this has been added to the market or new money by the firms are being addedd to the market.

Probably because of the many new altcoins that have sprung up and it's causing the market as it is today and with that, every year the altcoin decline does happen as it is today and probably because the year 2017 bitcoin prices are so rising drastically then the market is now becoming like this 

It's too early to say that. It may be the excitement from investors, when they see the value at the bottom of the market.45 billion in the day is a leap that is mutable but it is still modest with the pumping process from whale or investment corporations. Volatility can be maintained at small times in the coming days.

It's just simply market movement. Maybe the bear run is over and new money is entering or many people who stayed in tether are investing back into the market. Let's just hope it's not just some manipulation.

I think that this was just a part of  whole psychology of the market.
Possibly the FUD about the sharia law and crypto was the factor that induced the surge but not the one that sustained the one, part of the market players are tired of the bear and want the bull. But i wont say that bull market is back

This shows that the cryptocurrency market is still very young and not sufficiently formed. Perhaps with the increase in the capitalization of cryptocurrencies, amounts of several tens of millions of dollars will not so much affect the market and prices. And speculators in order to increase the volatility of cryptocurrencies will have to enter the market with large amounts.

First of all, a difficulty adjustment in the Bitcoin network is coming. The bitcoin whales need the price to go up, so miners stay and mine instead of leaving for Bitcoin Cash for example. So they pump the price.
Second, The Consensus conference is coming in May. The masses think that we will see a second moon, just like it started from there last year.
And probably many more reasons.

Everyone has different opinions on this matter. They say that the market is manipulating, someone associates the fall with bad news. Someone with futures. In fact, no one really knows. I think this is market manipulation. It will exist until there is complete regulation of cryptocurrency. Whether it's good or not, it's up to you

The market suddenly dipped on the first quarter of the year, and I think usually most investors go back during the 2nd quarter of the year. It's been a good time to buy during the dip, so most likely big investors or a lot of investors decided to buy back when the prices are too cheap. This is a good news to those who hodl and bought during the dip.

there is an issue I hear that the 2018 World Cup in Russia is affecting this price spike because in Russia most of the public services such as hotels and some restaurants will receive Bitcoin and Altcoin...

all investors are racing to buy a crypto coin with the same hopes and predictions that in the month of the world cup all coins will be expensive...

Honestly I do not believe this to be the number one reason behind it. Markets are complex and if you noticed that many people come here in hopes to hold and get rewarded tomorrow by their investment being worth more than they will buy it to spend it. Of course you have some extreme cases such as when you country doesn't allow you to send money somewhere and you bypass it through crypto, but overall this is not the key behind this raise.

Simply many more people know about it now and are willing to jump into unknown, more people are buying than selling.

Yeah, I read a few articles regarding the acceptance of cryptocurrencies during the World Cup.  I remember also seeing that the World Cup tickets can also be purchased with cryptocurrencies.  This huge event will surely help the prices.  

increased market confidence

I think it is logical, especially after the market has fallen from almost 600 billion in 2 months