What triggered the sudden rise in bitcoin price?

[akram143]

Just notice my bitcoin in my wallet have increase in value but I can't find any major news after doing some research that must have triggered that price rise then remembered I have an account on BCT-talk. I have not been following up with latest news as my work is eating up most of my time but I have some decent amount of bitcoin and don't want to be left in the dark. Anyone with an idea what triggered the sudden price spike.

I don't know the exact reason for sudden development but I had little confusion about the stability because if we trust this and invest once it will again continued to fall there will be lots of disappointment it given from the investment so I think we need to be more attention in this time then only we can get the price for our investment.

[Moshaid]

The main news that made the sudden pump in price is yet to be known, some said its due to the rumor about ETF approval, others said a whale somewhere bought bitcoin worth almost a million dollars some few days back. Well I don't think the reason behind the pump should be a problem. Rather how long and beneficiary will the pump go should be our focus.

[rizkyhiw]

Just notice my bitcoin in my wallet have increase in value but I can't find any major news after doing some research that must have triggered that price rise then remembered I have an account on BCT-talk. I have not been following up with latest news as my work is eating up most of my time but I have some decent amount of bitcoin and don't want to be left in the dark. Anyone with an idea what triggered the sudden price spike.

To be sure this is the cause of mass adoption from various quarters because this can be called a natural increase when Bitcoin tries pumping several times and this time it can occur more than $ 4000 to $ 5,000, then achievement after a long wait in the past few months after the hype occurred in 2017, but not too rushed to celebrate because in the future the market cannot be predicted with certainty, everyone also thinks there is no big news coming up for now but there are some agreements that fully support cryptocurrency, maybe if there is good big news who can pump for the umpteenth time, I hope that happens after getting a positive score on the market.

[playboy654]

The sudden changes means it will attract everyone but if it not stable we have to worry about investment now so I am waiting to see the changes stable then only I can make my decision about their investment in this time.

[kryptqnick]

There are a lot of speculation and rumours, but none of this can be validated. Some people say that a single trade of 20 000 bitcoins on 3 exchanges, triggered a bump in the price and others are saying that physical delivery bitcoin futures contracts are being funded now.

Exchanges are not allowed to divulge specific details on people's private trading, but observers can say if there are abnormal trades that might have triggered some movement in the market. 

Whatever happened, should just continue, because we are lovin this. 

One thing we can see apart from the price growth is the spike in trading volume. I know it might be faked, of course, but since we don't have any better source anyway, I check these parameters on coinmarketcap.com regularly. The trading volume of Bitcoin grew from 7 to 9 billion dollars since the beginning and till 24th of March. Then on 31 of March it was still $9 billion, whereas at least today and yesterday it's pretty much doubled! Some serious activization of traders must have happened, and when the volume rises, evnetually people settle at higher prices which leads to growth.

[Naida_BR]

What triggered the bitcoin price to increase is a good question that puzzles me a lot after all these days.
There is still no evidence of the real reasons that made the price pump. It is said that investors tried to covers some short term positions that made the price pump.
Another rumor said that a Fake article that was published on April's Fools Day made investors believe that the price is going to increase.

[Yusuf77]

this growth was made in a very short period of time, and there was not any positive news, perhaps a rapid fall may soon follow, all this is very suspicious.

in my opinion the progress of crypto currencies and crypto markets all depends on their own investors and no one can ensure the development of government crypto currencies can also affect the development of the crypto currency

[Bagaji]

The reason for the spikes in the market value of Bitcoin and altcoins is still yet to be a certain, some people are of the believe that the huge transaction that happened in about three exchange (whales) was the major factor that push the market forward why others are of the view that it was rumor around the crypto currency market that affect the price upward.

[incomefromcoins]

SEC ETF approvals may be the main reason for BTC pump and this is the sign of the bull market and we may see bull rally  this quarter

[Mometaskers]

It's amazing how much $100M can do to affect a market. That mystery order was able to drive up the price by 20%

Some people are pointing out to technicqas like rewards halving but people have been talking about that before and there wasn't much price movement then so I really think it's that $100M.

[mrdeposit]

Just notice my bitcoin in my wallet have increase in value but I can't find any major news after doing some research that must have triggered that price rise then remembered I have an account on BCT-talk. I have not been following up with latest news as my work is eating up most of my time but I have some decent amount of bitcoin and don't want to be left in the dark. Anyone with an idea what triggered the sudden price spike.

There could be a lot of reason. I even heard that the adoption of btc for transport in Ukraine has affected the price. But there were times when there were better developments than that, and the price did not increase. It is important that psychologies think in the same direction.

[Mux@]

With crypto-currencies, everything is not arranged as with traditional assets. Sometimes even important news does not affect the value of coins. And very often there are manipulations in the cryptocurrency market. Despite decentralization, there are large investors who can easily manage the value of tokens.

[klaaas]

It is still speculating about the 'individual' but it sounds plausible, more curious what the motivation was. New plans with a project? fiat gain ?  Time will tell.

[Slow death]

Just notice my bitcoin in my wallet have increase in value...

Oh this is very good. for that reason bitcoin is a good investment. Imagine that today you invested $ 100,000 and in five years your $ 100,000 would become $ 1 million? Who has a lot of money to invest in this market, also has a better chance of getting much richer than it already was

but I can't find any major news after doing some research that must have triggered that price rise then remembered I have an account on BCT-talk.

why are some people looking to know about the reason for the price increase? it's not possible that the price increases without there being any good news?

Anyone with an idea what triggered the sudden price spike.

I believe it was a lot of demand.

[Reid]

I have not much of an idea too because we have the same issue about eating a lot of time with work.

But the number of exchanges are getting higher and that could be one reason. Also, this will be normal as we go near the halving.
Even if we are crawling our way to the future, the addition of investors will affect the value of it.

You might as well just keep your bitcoins and let time do the work.
It will rise. I am sure of it.

[Muzika]

Just notice my bitcoin in my wallet have increase in value but I can't find any major news after doing some research that must have triggered that price rise then remembered I have an account on BCT-talk. I have not been following up with latest news as my work is eating up most of my time but I have some decent amount of bitcoin and don't want to be left in the dark. Anyone with an idea what triggered the sudden price spike.

It is just like predicting the price for the next couple of days and months, we really dont know when it will happen at the same time the sudden pump might be only made by a couple of whales to wake up the market of some coins without a technical reason.

[otong]

this growth was made in a very short period of time, and there was not any positive news, perhaps a rapid fall may soon follow, all this is very suspicious.

in my opinion the progress of crypto currencies and crypto markets all depends on their own investors and no one can ensure the development of government crypto currencies can also affect the development of the crypto currency

for crypto growth that is happening right now we don't know the details of what caused this growth. the most important thing is we have to be grateful about what happened to crypto today. the problem is that increasing crypto is very much awaiting us.

[jhonjhon]

this growth was made in a very short period of time, and there was not any positive news, perhaps a rapid fall may soon follow, all this is very suspicious.

in my opinion the progress of crypto currencies and crypto markets all depends on their own investors and no one can ensure the development of government crypto currencies can also affect the development of the crypto currency

for crypto growth that is happening right now we don't know the details of what caused this growth. the most important thing is we have to be grateful about what happened to crypto today. the problem is that increasing crypto is very much awaiting us.

Our continuous support will be a big help for its price inflation and also people realize that selling their coins int low price will only causing declining trend which we don't want to happen. We are through in the rough actions, and we have give our trust with crypto cause thats the only we could help it out from any possibility for drowning back.

[YOSHIE]

Bitcoin that suddenly rises, it's very easy to guess, in principle I suppose, the price of Bitcoin is the same as you guess the price of apples on the market. Deal between the bid price and the price of demand for Bitcoin on the market. That is, Bitcoin is a homogeneous digital currency.
The answer to your question is: the price of Bitcoin rises depending on the price of the request (the person buying) and the price of the offer (the person who sells). In modern language is supply and demand.
You know what I mean.

[avarnet]

most likely because there are many investors who adopt bitcoin a lot because it will make a good impact for bitcoin to experience price increases. so in my opinion because of these factors