[2018-03-19] Bitcoin bounces $700 in less than three hours

[shakaru]

Bitcoin bounces back once again   Bitcoin bounces back once again 
2 Mins Ago | 00:41
Bitcoin prices rallied back by more than $700 in less than three hours during late Sunday trading, capping off a wild weekend that saw the digital currency plunge through $8,000 and even near the $7,000 level.

Prices are still off by 10 percent in the last seven days, according to CoinDesk.

The cryptocurrency hit a low of $7,335.57 earlier Sunday before recovering back above $8,000, according to CoinDesk. Bitcoin was trading near $8,267 as of 9:05 a.m. ET Monday.

Traders were unsure of what was behind the late comeback, but blamed another possible bitcoin advertising ban for the weakness over the weekend. Twitter is reportedly preparing to ban advertising for initial coin offerings, token sales, and cryptocurrency wallets globally, according to Sky News. The new policy could roll out in two weeks, the report said.

https://www.cnbc.com/2018/03/18/bitcoin-rallies-back-700-in-less-than-three-hours.html

[motoprose]

I think it because the tech behind the blockchain is backing this rise up today.
Lightening network and segwit saying completion is above 80%
So these two big factors in the progression of bitcoin could be the reasons for the sudden increase.
They are the only things I can think of and nothing in the news has spared any interest in the crypto markets in the past 7 hours.

[Basmic]

I think it because the tech behind the blockchain is backing this rise up today.
Lightening network and segwit saying completion is above 80%
So these two big factors in the progression of bitcoin could be the reasons for the sudden increase.
They are the only things I can think of and nothing in the news has spared any interest in the crypto markets in the past 7 hours.

I do not believe that lightning can have a significant impact on the price of bitcoin. This is not an actual project. Bitcoin will be forced to go to segwit2x. It can really be a major catalyst of demand for bitcoin. Why do I have lightning if I can use ripple for transactions. We are constantly being led away from solving the problem. Wish. The problem of transactions can be solved in a very short time but you need to have a desire.