Cryptocurrency Market Rises Fast - Bitcoin Prices Reach $ 7,750 In Minutes

[bojokusugih]

Cryptocurrency Market Rises Fast. Today, the cryptocurrency market is experiencing strange price growth: bitcoin, the main cryptocurrency up to $ 7,750, reaching a 15% increase from its original price. But the highlight of this fact is that the increase takes place within just ten minutes of trading.

The price chart taken from CoinMarketCap shown below shows price movements. This is a pleasant surprise for traders and people who have been buying bitcoin during the high-priced era in January and holding their coins for profit.

bitcoin-up-650x329

Such movements are not uncommon in the world of cryptocurrency. This year is very bad for the market: Only in May, bitcoin lost more than the third part of its value. This increase has no obvious reason, and it reaffirms that cryptocurrency is a very volatile way of investing. Price volatility can be good or bad for investment, but in general, it shows that cryptocurrency is a high-risk asset.

[temmuz]

I strongly agree with "high risk" and in fact this rise is not a big rise either. so long as the small investor would be happy with it.

[uncleduckerr]

These movements are nothing and if you believe them to be a lot you clearly have not been around for the worst and best of days. I have seen -20% in a day and +20% in a day for Bitcoin several times, and even then I feel like that is not a lot of swings. I can only imagine how people felt in from 2010-2016, because there most have been some -30% and +30% days then.

[AlexKr]

I hope that this is the beginning of the long-awaited growth of the crypto currency. Already tired of watching how the market is the fourth month at the bottom.

[BitDane]

maybe it's time bitcoin out of the downtrend zone. it is undeniable that this increase is in alignment with altcoin. this shows the cryptocurrency market is re-stretched. happiness for traders.

[Wind_Crypto]

i think there were various news associated with the rise, one article i was reading (not sure if fake news), mentions that bitcoin is now viewed as compliant with shariah law, meaning it's open to 1.6 billion muslims now.

nonetheless, crypto remains a volatile asset class. might be worth it to look for freebies on the side if u're too risk adverse to speculate. bounties are a useful means to earn some side crypto tokens, and aggregators like https://bountyhive.io actually makes it super efficient to work on them.

[Swenna]

I hope that this is the beginning of the long-awaited growth of the crypto currency. Already tired of watching how the market is the fourth month at the bottom.

It is tiresome, but being in the bottom is good, too. It means that it is slowly recuperating and getting ready for that next "boom." Also, having the market down makes way for a lot of investors to enter and invest int eh market and the cryptocurrency.

On the other hand, bitcoin and altcoins being on the downtrend lately makes us hopeful of this green signs in the market. However, if we really look at the increase, this is nothing but just a small hike in price. Plus, the fact that the price of bitcoin hasn't really recovered makes this a little risky because there is still a big chance of sliding back again into the red market. But, hopefully, this is really the start of our good months.