Cryptos Are Exploding Higher, Bitcoin Up Over $1,000 In Minutes

[BADecker]

Back in action.


Cryptos Are Exploding Higher, Bitcoin Up Over $1,000 In Minutes

Source: Bloomberg

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[blckhawk]

I was also surprised of the pump. I haven't expected it to happen sooner than I think. What do you think caused such increase in price?

I just hope it won't dip back to where it came from and we see the start of the bull market. Although this signifies bitcoin demand, I could also see the potential risk that comes eith bitcoin investment. Also, these trends tend to be followed by another dip.

[CryptoBry]

I am at a loss what is happening right now with Bitcoin. Just hours ago, I was watching at the preev site and it was at the $7400 zone and then suddenly when I came back it jumped to the $8500 level and then now we are almost touching $10000. Just unbelievable. This is really the Bitcoin that I know of in 2017 when you can watch the figures changing right before your eyes. It is amazing how it got back with a big vengeance. But knowing the real score with Bitcoin, I would not also be surprised if a cold water will suddenly drop on the price and another dip can follow. Oh, well. But I am so excited today and that matters for now.

[meanwords]

I can't believe it, what is happening. There must be something fishing about this because sudden boost in Bitcoin's price is not a good thing. Look at this, we already cross $10,000 is just 10 hours!. I was shocked when I woke up and saw the notifications in my phone exploding. Maybe some whale is trying to play in the market, we might see a correction soon.

[Oasisman]

I guess, everyone is at a shocked (in a positive gesture) state right now. Majority of us has no fricken Idea how did Bitcoin climb from $7,500 up to $10,000 in just a matter of an hour or two? Bitcoin with the highest gain in the market today with astonishing 33+% as this very moment.

Here's the question, on what would be the next move. Are we seeing more than $10,000 or It's going down hard again? I can see the price are moving fast up and down in a tiny percentage, that might be the momentum traders and sellers that drags down and taking advantage of this sudden rise.

[Wexnident]

That was really bloody surprising. I expected a pump but in the ends of November or start of december. No one expected a pum from 7500 to 10000 in a matter of hours and I was honestly shocked when a friend told me about it. This may have some shady background about it, not sure about it though. It's way too unexpected for the pump to suddenly happen without anything shady happening about it.

[dimonstration]

That was really bloody surprising. I expected a pump but in the ends of November or start of december. No one expected a pum from 7500 to 10000 in a matter of hours and I was honestly shocked when a friend told me about it. This may have some shady background about it, not sure about it though. It's way too unexpected for the pump to suddenly happen without anything shady happening about it.

There are links of China news regarding this, but how come it became too fast to take effect in cryptocurrency prize. We're not sure yet what's really behind it but this shows how cryptocurrency can be in just an hour when people uses it or if true the news about China then when government accepts and gives credit in cryptos innovation.

[ecnalubma]

It is in invincible status again, but this sharp will hurt if it falls. Hopefully its a goodbye from $7,000 to $8,000 level, but its earlier than most expected. Its the most impressive move since July's short bull-run, theres really no technicality on why this is happening right now everything seems so unrelated.

[AliMan]

Back in action.


Cryptos Are Exploding Higher, Bitcoin Up Over $1,000 In Minutes

Source: Bloomberg

It has touched the top $10,375 and then back down at $9,700 based on my latest checks. The price showed consistent increase after sudden bouch occured, and maybe we see a signs of bullish trend, but I was still monitoring it's current market price and this continue building stable momentum we will see the results in the next few hours.

[BADecker]

Maybe it is McAfee pulling some strings to get Bitcoin to a $million so he won't have to eat his...

[alexsandria]

Back in action.

Cryptos Are Exploding Higher, Bitcoin Up Over $1,000 In Minutes

Oh shoot I was just sleeping when this happened. Is this an incoming bull run?

Nevertheless, isn't just too early? I was expecting that this sudden pump would happened around December just like what did happened way back then. It may drop soon (hoping not to). Anyways, time to buy a lot of bitcoin when it drops it might be for crypto currency this 2020 though.

[Oasisman]

~snip.

Oh shoot I was just sleeping when this happened. Is this an incoming bull run?

Nevertheless, isn't just too early?

Too early, for that. As of now the price are stabilizing at $9,500 after the rapid growth that touched the $10,000 level.

. Anyways, time to buy a lot of bitcoin when it drops it might be for crypto currency this 2020 though.

Did you missed the opportunity yesterday when Bitcoin was still trading its lowest since July?
Those who are actively trading a while ago must've been sold their Bitcoin at $10,000 and probably made a good profit.
I, myself even sold almost half of my wallet. That's what I accumulated below $8,000 anyway.

[Omega Weapon]

I can't believe it, what is happening. There must be something fishing about this because sudden boost in Bitcoin's price is not a good thing. Look at this, we already cross $10,000 is just 10 hours!. I was shocked when I woke up and saw the notifications in my phone exploding. Maybe some whale is trying to play in the market, we might see a correction soon.

Something must be going on, the increase in the price is too sudden and too big to be a natural occurrence, there is only one explanation that comes to mind, bitcoin is getting ready for another bull market similar to what we saw at the end of 2017 but I find that hard to believe, also the most recent movement happening during the previous hours has affected bitcoin and other copies while the rest of the altcoins have not followed the same movement and that makes me suspicious.

[Tylev]

I am very pleased that now, along with the rise in the price of bitcoin, altcoins are also actively growing in price. When Bitcoin almost quadrupled in price in the second quarter, altcoins increased in value very slightly. Now it is happening almost proportionally. Talk that most altcoins will not survive is not justified. All altcoins went up.

[BitcoinHunt3r]

I can't believe it, what is happening. There must be something fishing about this because sudden boost in Bitcoin's price is not a good thing. Look at this, we already cross $10,000 is just 10 hours!. I was shocked when I woke up and saw the notifications in my phone exploding. Maybe some whale is trying to play in the market, we might see a correction soon.

Something must be going on, the increase in the price is too sudden and too big to be a natural occurrence, there is only one explanation that comes to mind, bitcoin is getting ready for another bull market similar to what we saw at the end of 2017 but I find that hard to believe, also the most recent movement happening during the previous hours has affected bitcoin and other copies while the rest of the altcoins have not followed the same movement and that makes me suspicious.

Did anybody know what make bitcoin increased like this? I just wake up and see bitcoin price increased and still no idea what is happen. Or maybe it is only pumped by people who want to make profit from last dump.

[huu78]

I was very surprised to see the BTC movement this time. Is it only based on good news from China or any other?
This blast pump is amazing if we buy the moment below yesterday and it is now crazy.

[adaseb]

Even though I am grateful it went up like 40% in less than 24 hours, I am more greatful for having a stop and not holding an underwater short at $8100.

Entered my trade in the $7700 area and added more at $7900 and $8000 and put a stop at $8100 just in case and very happy that I did.

Would of never assumed it reach $8800 and even more surprised how it went to $10600 right after the daily close. This is most likely due to the Xi news that was released today.

[LeGaulois]

I don't remember to have ever seen once Bitcoin increasing by 30% in less than 24 hours, or it was long ago.
So during the same week, it suddenly loses 10% and then suddenly makes +30%. There's something fishy about it. I don't believe in arguments about the recent positive comments from the Chinese president nor the good buying opportunity with the key support level of 7500 dollars.

I prefer to wait until the next week to see, you never know if there is another trap behind.

[Wexnident]

There are links of China news regarding this, but how come it became too fast to take effect in cryptocurrency prize. We're not sure yet what's really behind it but this shows how cryptocurrency can be in just an hour when people uses it or if true the news about China then when government accepts and gives credit in cryptos innovation.

I also saw some news regarding the correlation between something happening on China vs USA in crypto which caused the price pump but im more inclined to believe the news about Bakkt when comparing the two. Some threads have been discussing how Bakkt reached a new high in its trading volume which may have indirectly caused the pump.

[Herbert2020]

that is what happens when bitcoin price is being pushed down with manipulation and fake dumps to cause panic. and when the weak hands are kicked out of the market, all that remains is strong buyers with a lot of money (most of it is their profit they gained from weak hands) to start buying bitcoin at a discount so the price shoots up as the manipulation is over.

the only good thing from this up and down was that altcoins got rekt as they got dumped twice. once when bitcoin dropped and once now that bitcoin price is recovering. here is how they look right now: