Why has the Bitcoin cost risen so quick over the most recent 3 weeks?

[Clork19]

I am agree with your one sentence that bitcoin is unpredictable. And I hope bitcoin will increase  more in the end of the year and it will almost 10k$ but not sure.

[b3j0]

that's true but the bitcoin price increase did not last long, now the bitcoin price goes back down to the $ 7600 price.
I think bitcoin prices are rising because there are investors who want to buy lots of bitcoins.

[Theass]

Past 3 weeks bitcoin price is grow up. it is normal matter because Bitcoin are more reliable and demandable in crypto market. i think it will grow up rapidly.

[nguyenthanhvien]

I think the end of the world cup in Russia. But that is the market we can not predict. It all depends on your luck.

[caatelp]

Bitcoin's price is always upwards. Bitcoin's high price trend continued for the past three weeks because Bitcoin is more familiar than ever before and its interest is high. Its price has increased to increase the demand of the people.

[BitCoinTa|k]

The positive vibe among investors was sparked by the possibility that the SEC would finally approve a Bitcoin ETF. Some people figured that it was going to be the event that would trigger the next spike to a new all time high, like last year. Unfortunately the SEC denied the Winklevoss application for a second time, so that "trigger" is lost now. <To be fair, they postponed the decision process, but the vibe is gone now>

You will see a small correction below $8000 now, as a result of that. 

Legalization of BTC is the reason of increase.

[Brianlee0112]

This crypto world is completely uncertain. Whales of this market are so active thus the price is increasing and also more investors are coming because bitcoin gathers the attention of public media.

[Tatzky]

Bitcoin price is not like magic wherein magician just click their fingers and everything just go boooommm, the market also determine the amount of money and altcoin that are coming in and Goin out inside the system and it will calculate the next price.... Just imagine how does it work it almost 3 million people are using or making transaction in the market?

[elncrow]

The crypto world is totally unpredictable. As whales are more active so the bitcoin price has increased. Another factor that helped to bring in more investors in crypto is the amount of attention gathered from media.

[nickmiller]

My opinion is,  there are few causes behind it like, limited supply, non reversible and secure, large and growing number of companies take btc in exchange of products and so on. 

[joellogan]

it’s a little bit hard to say since it’s unpredictable but there are some factores behind it’s boom.  its demand is increasing day by day and becoming the currency of next generation.  Thats why its cost risen so quick.

[rileyhill]

One of the factor for its increasing cost is supply and demand factor. Supply is limited against huge number of population. Beside that it can’t controlled by the country , bank or company.

[rileyhill]

I think BTC is limited around ± 21 million coins. There are so much population get into btc’s space,so higher the price goes. Investment into btc companies is around one billion in last few years .

[markluis]

bitcoin is now a great investment option. Every bitcoin production need electricity and more computation power. Due to it’s high demand and low supply leads it to price hike. 

[wuvdoll]

Why has the bitcoin cost risen so quick over the most recent three weeks? It's difficult to state without a doubt since bitcoin is so unpredictable. According to you, what is the main reason for the sudden rise in the Bitcoin price?

It rises so quickly over the recent 3 weeks, it also goes down in 1 day. Bitcoin is something that is insanely volatile and you will never know when it will go up or down because there are people who do sudden moves and sudden buys or sells that will affect the market and in the end the result will be people seeing those moves as market movement and react accordingly and in the end you just get a huge sudden movement just because someone sold some coins.

It has chain reaction effect just like when you drop a water droplet into an ocean it creates a wave of ... well small waves, when someone does something others react to it and it gets a lot bigger like snowball going down.

[cold cool]

Prices have fallen so much that the market has rebounded so much that they have risen so much in a few weeks, but the chances of more in the short term are slim.

[painkiller321]

According to me, the news regarding SEC's decision on ETF has played a big role in increasing the demand for BTC. There are still more hearings lined up in the future which might cause another pump in price. If ETF gets approved anyhow Bitcoin's price might skyrocket again like last time.

[redrose8226]

First of all, Bitcoin is highly volatile asset which is why it's price fluctuates like this. However, the recent news of SEC delaying ETF's hearings has played a great role in the latest rise in Bitcoin price so fast. Positive news like these always affects the price of a coin in market. Which is good for every crypto enthusiast.

[Wall_Streeet]

the main news today is the approval of the ETF, and the closer the landmark event, the more it is discussed

[welchmgra]

bitcoin is now a great investment option. Every bitcoin production need electricity and more computation power. Due to it’s high demand and low supply leads it to price hike. 

Yes that can be a reason and I think that with the increasing population of bitcoin users, the demand of bitcoin will increase because of the limited supply and therefore the price of bitcoin will also continue to increase and will hopefully become skyrocket in next few years.