Bitcoin Forum

The value of a piece of Bitcoin is startling again. Yesterday, Monday (7/23/2018) Bitcoin value is still valued US $ 7,700. Today, the value of Bitcoin jumps back up to US $ 8,000.

Peeping Coinbase data, Tuesday (7/24/2018), Bitcoin value is at US $ 8,021 or up about US $ 300. This is the highest price of Bitcoin in the last two months. Bitcoin price decrease trend occurs on May 24, 2018. On June 24, 2018, Bitcoin touch the lowest price of US $ 5,789 / BTC.

Do you think this increase is caused by BlackRock ?, because the global investment company is studying to use cryptocurrency and Blockchain technology.

$350 increase in 24 hours is not a surprising move even coming from a long time bearish trend. If there's a sudden price surge that will happened again, you can even see $500 increase in just few hours or even more surprising to that like the action happened last year.

Anyways, for what is the cause, there are some numbers of events where anyone can considered it why the price rose. What those events? Kindly search for it on your favorite search engine for more info as discussing it here might required long statements.

some hedge fund company, no matter how big it is, saying they are looking into cryptocurrencies is not something that can trigger a big buy signal in the whole market. of course it is not ineffective either and I am sure some speculators took it as a positive sign and jumped in but it is not all the reason for the whole rise which was about 30% rise

regarding $300ish rise, you shouldn't really be looking at the number in $ you should instead be looking at it in %. for example Berkshire Hathaway price went up $5200 in a day but that is just 1% rise.

It's not actually surprising. Have you forgotten the $1000 increased in just 1 hour last April. So $350 increased in 24hrs is just nothing. You may see a bigger increased than $350 depends on the outcome of ETF. I won't be surprised tho not unless were going to have a new ATH in just a year after that.

It's normal to bitcoin, because I believe it will jump more than thousands dollars in just 1 day only. Bitcoin price fast growing and I think this time bitcoin will becom popular again and still continue pumping the price because they have a lot of investor invest again.

Such quick price changes are nothing unsual for Bitcoin, we ve seen such situations many times before. Still such quick jumps don't mean that the price will continue to rise up so quickly because jump back is possible too.
At the moment it looks like there is a slight correction after the price went back under 8000$.
So never give the conclusions too quickly.