Why sudden bump in bitcoin? It is now over $8000

[hadveach]

the principle of bitcoin depends on how the deal is between supply and demand. Bitcoin has a homogeneous character, meaning that bitcoin pieces affect the other.

then there is also no entity that controls the price of bitcoin, make very high bitcoin fluctuations. bitcoin is determined by all those who have bitcoin. if we have bitcoin, then we determine the bitcoin price.

when we buy bitcoin, then we have contributed to the amount of demand, so the price will rise.

[1714750091]

1714750091

[1714750091]

1714750091

[1714750091]

1714750091

[andisuk]

the principle of bitcoin depends on how the deal is between supply and demand. Bitcoin has a homogeneous character, meaning that bitcoin pieces affect the other.

then there is also no entity that controls the price of bitcoin, make very high bitcoin fluctuations. bitcoin is determined by all those who have bitcoin. if we have bitcoin, then we determine the bitcoin price.

when we buy bitcoin, then we have contributed to the amount of demand, so the price will rise.

it is true that the price of bitcoin depends on the buyer's demand, if the demand bitcoin exceeds the sales demand, the bitcoin price goes up drastically and could be like the end of last year which experienced a fantastic increase

[AlexAtom]

Few hours before the price of bitcoin was at $7000 but suddenly there is a huge price bump over $1000 and it causes the bitcoin price to go up 17%.And it happened in other cryotocurrency prices as well it is an whales action or what?

But it is good to see the price now.

it was not sudden bump, it just the time for correction has done. usually after market falling, it will goes up back.
but i dont know well, some says because there are big companies enter crypto.

[fatema]

Bitcoin prices are very different in the current market than the previous market. Now Bitcoin's price is a little lower but does not take long, its price will increase again. People have lived the right to use this time. It is invested more and it will last for a long time. It is sometimes reduced because some countries declare it illegal and prohibit the use of it. But now more than 8000 dollars now. In the future it will grow a lot more.

[zngit]

If course whales are always suspected in every bitcoin price motion. We focus on bitcoin it is the mainstream in crypto land. Whales alliance have a big participation in terms of manipulating the price specifically bitcoin. They can choose what ever they want to perform according to the price they talk about.

[stayeduptolate]

Few hours before the price of bitcoin was at $7000 but suddenly there is a huge price bump over $1000 and it causes the bitcoin price to go up 17%.And it happened in other cryotocurrency prices as well it is an whales action or what?

But it is good to see the price now.

I got the same news few days before and I guess this is the very good news for all the crypto currencies because after so long the valuation is hiking once again and it is happening since last past week and valuation has inflated to 20% from last week and I’m this thing has motivated investors to again invest into bitcoin and they are investing and this the reason why the valuation is still inflating and I guess this is due to action of big whales that has inflated the valuation again and now we can see the happy faces of investors.

[Dmitry.Vastov]

Few hours before the price of bitcoin was at $7000 but suddenly there is a huge price bump over $1000 and it causes the bitcoin price to go up 17%.And it happened in other cryotocurrency prices as well it is an whales action or what?

But it is good to see the price now.

The current valuation of bitcoin is about $10000 and according to many wise economists the valuation will inflate further more and according to the growth statistics of bitcoin , the valuation has increased up to 20% in the last past week and the reason behind the sudden bump in the valuation is that now people are getting the real fate of bitcoin that the potential of bitcoin to be very great and has provided employment and reduced poverty to a very great extent and another reason being is the big whales I guess.

[kucritt]

maybe its not a bump that you taught, maybe it just a panic buy from the buyer of bicoin, that moment can created when the buyer of bitcoin is increasing when the stock in the market is low, so the price will going up in the moment and will back to normal if the rate of bitcoin is stable again, so i think that moment is like the panic buy moment 

[jayveerastrullo]

Nothing is new, that is how the system works and do not be surprise about it, maybe next two months it will move to $9000. Just hope many people will buy coins.

[pancawati77]

Nothing will happen, and where the price will go back below. It is a real pump market will quickly recover and the best moment for traders. It's great to see the market go up again.

[Abigail Asi]

I think it's a good news then since after selling our coins we will gain more profit because the bitcoin has risen up

[btcluisdiki]

I think in the current situation, bitcoin is now under bearish market where it had declined down up to $8.1K USD. I believe that this current price had declined and this is now going for correction where it is realigning for another recovery within the succeeding months. The price value may pump probably within the coming weeks and may prediction it will reach at $10k within August of this year.

[Xester]

Well the bump in bitcoin was caused when somebody bought a large amount of bitcoin that have caused the price of bitcoin to 8700$. Bitcoin even rallied up to 9900$ but it never breached 10k$ due to a high resistance. But with huge dumps of bitcoin the price went down to 8100$. I hope we can break the resistance and start going up again.

[DAVETUN]

The sudden pump is as a result of a little high in the demand for BTC, demand increase base on 2nd quarter speculation of  BTC  real pump,this is more like a ususal occurence in 2nd quater.

[Topaz72]

The sudden pump is as a result of a little high in the demand for BTC, demand increase base on 2nd quarter speculation of  BTC  real pump,this is more like a ususal occurence in 2nd quater.

These days bitcoin demand is getting high as more and more people are trying to switch to bitcoin and buy it at any cost so this is the reason why bitcoin is getting famous among us, as bitcoin pumping is all about demand and supply so if we want to keep it pumping for long, avoid selling at panic and keep holding as well keep buying if you have capital.

[fritzwalter195]

Why?
Because of many freaking reasons.
No one actually knows how exactly the prices will behave.
Otherwise, we'd be billionaires already.

However, machine learning is getting faster into this, so we'll do better in price analyses in the future (hopefully) 

[Skieleton]

Few hours before the price of bitcoin was at $7000 but suddenly there is a huge price bump over $1000 and it causes the bitcoin price to go up 17%.And it happened in other cryotocurrency prices as well it is an whales action or what?

But it is good to see the price now.

The fall in the price of Bitcoin may be the result of the deterioration of the general sentiment, including by the actions of the authorities of South Korea, which recently suggested the idea of ​​significantly reducing the trade in cryptocurrencies. Bloomberg, Finance Minister Kim Dong-Yeon, quoted by Bloomberg agency, said that "the closing of cryptocurrency exchanges is still an option," but this matter requires a "serious" discussion between the ministers.

On the other hand, two stock exchanges in the US (CBOE and CME) in December opened futures trading on Bitcoin. Shortly after, the price of the most known cryptocurrency increased to nearly 20,000. dollars.

However, now the launch of contracts could also become one of the reasons for stopping earlier spectacular increases in Bitcoin, as the number of institutional investors involved in Bitcoin turnover has increased. The contracts allow you to use trade strategies that are also focused on Bitcoin's price drops.

[Jocuserious]

Few hours before the price of bitcoin was at $7000 but suddenly there is a huge price bump over $1000 and it causes the bitcoin price to go up 17%.And it happened in other cryotocurrency prices as well it is an whales action or what?

But it is good to see the price now.

Pumping time fact this now fair. See this time I understand now this situation very bad for the bitcoin value and all another currency.but most important it will 8$k never end.hope soon get up excited value.

[jhonnydeep87]

All will not happen if the price will come back down, if it is a real pump the market will recover quickly and this is the best moment for the traders later when it is nice to be able to see it going back up again.

[markleal]

Few hours before the price of bitcoin was at $7000 but suddenly there is a huge price bump over $1000 and it causes the bitcoin price to go up 17%.And it happened in other cryotocurrency prices as well it is an whales action or what?

But it is good to see the price now.

Hi there semobo! That could be true, I notice on those dates that there are big whales trading across different trading platform. I have even notice them until the consensus happened. After that, whales seems go underground again which make the price follow to the dive. But in terms of other currency, I think it just go with the price of bitcoin, you can even notice that when bitcoin price goes up, most of the alts price is goin up too, and when the price of bitcoin go down, those alts also follows. But not all of them do the same, some even negates the flow of bitcoin. But if you will notice zcash suddenly skyrocketed due to its introduction to a famous trading platform.