How to explain the sudden run up on Thursday? Surely it wasn’t all related to the upcoming futures? And why has it leveled off now? Will it pump again on Sunday?
Trump.
Alot of us dont follow traditional fiat markets, so we dont understand how the current political situation has played a role in the price. a lot of this advance is due to the extra capital traditional wallstreet has given the fact that the tax code might be changed. old school stock markets have soared, and those taking profit has send a few bucks towards btc. thus the price. if you were watching gdax while Trump was making his Israel press release, you may have noticed the markets went perfectly sideways the whole time he was talking. as soon as his speech ended, we spiked
seriously, check it out, Im not lying and you can see this yourself.