In the past few days, btc has been hovering around 7800 usd, and all the altcoins have begun to rise. What is the reason for this?
Market are simply moving forward mate. Why? Too many great news are pouring in into cryptocurrency and investors have began to shed some interest once again. Its a sole proof of bandwagon around the world. Before, people flagging crypto as scam resulting to mass dumping and market crashes but now some news are getting seen and theyve returning and taking back what they said. Or they just being hype again. Thats crypto, if there is a shill the price pump ans if there is a bad news the price dump. Very predictable!
Cryptocurrency continues to evolve and therefore its price continues to grow. In addition, the cryptocurrency market develops cyclically, after a long period of stagnation, there is always a period of growth. Therefore, now we are seeing a moderate growth in the cryptocurrency market. After such a longest period of a bear market, a sharp rise in prices, we are unlikely to see, the current growth is just the best.