Bitcoin price today !

[ashmodeus]

well , i was have a plan to sleep early on this day, but before i going to bed, i checked CMC for the last time, and i was suprised, btc going to 10k range .
firstly, i just have speculation about what happened today btc will back on 8k range, but i was wrong, even now almost 10k .
so , any though behind it ?
i just found 2 news about this rally so far.
1. probably because increased daily trading volume in the bakkt market . (not really sure about this one)

2. probably because China’s President, Xi Jinping, endorsed blockchain technologies in a speech, shocking the world. Many on Twitter have claimed that this news likely lead investors to become bullish on the cryptocurrency markets, despite China still vehemently detesting Bitcoin. (quite sure )

or i still missed something ?

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[blckhawk]

It's probably that, and China's president announcing support on blockchain technologies could have gained attention especially from the miners and crypto-people in China. However, I don't think their government support bitcoin in particular, they're gonna make their own cryptocurrency, which I'm not sure how would it affect the prices in few years time. Hopefully, China won't ban bitcoin despite their opposition, because if they would, it would shake the bitcoin network and most probably the market.

[Jating]

We really don't know what triggers the current market boost today. All of what you mentioned could be possible reasons for the recent rush to $10k.

But China news? I don't think it has something to do with the market going North today. We all know that they have made a U-turn already so I doubt that we can consider it the parameters for a sudden spike in the price. Maybe some whales are trying to manipulate the market, similar to what we have witnessed last April-June mini bull run.

[rodel caling]

Yeah another exciting minitoring for the price hype this a trap or this a beginning for the bullrun, and kne of the reason butcoin start to uprise their value is most popular company start to accept bitcoin.

It's probably that, and China's president announcing support on blockchain technologies could have gained attention especially from the miners and crypto-people in China. However, I don't think their government support bitcoin in particular, they're gonna make their own cryptocurrency, which I'm not sure how would it affect the prices in few years time. Hopefully, China won't ban bitcoin despite their opposition, because if they would, it would shake the bitcoin network and most probably the market.

Your right mate possible one of the trigger for this price is china support the blockchain and hoping this can help for the bitcoin pice uncrease and china goes back to start again using bitcoin as legit.

[Astvile]

There are a lot of news/things that affects bitcoins price now. Both that you listed can be a cause or maybe it is just a sudden unwanted pump due to big people buying bitcoins for stocks we really don't know and we can't assume whats the cause.
Im also shocked when I got a notif that bitcoins prices cross over $9500 just by now,lets wait and see how far this will go.

[Fappanu]

I think it's because of the Chinese president's statement. China's big whales are back again! And no matter the reason one bit sure that bitcoin has proven that no one is going to overthrow it and that's why I like why I believe in bitcoin to this day.

[ashmodeus]

There are a lot of news/things that affects bitcoins price now. Both that you listed can be a cause or maybe it is just a sudden unwanted pump due to big people buying bitcoins for stocks we really don't know and we can't assume whats the cause.
Im also shocked when I got a notif that bitcoins prices cross over $9500 just by now,lets wait and see how far this will go.

i've assumed some big people cant do such thing like this,for make it sure. nowdays marketcap is $256,503,456,933 , but the fact , a few hours ago its just $210,000,000,000 so that mean almost $40 billion's come just a few hours, who on earth can do that ?

It's probably that, and China's president announcing support on blockchain technologies could have gained attention especially from the miners and crypto-people in China. However, I don't think their government support bitcoin in particular, they're gonna make their own cryptocurrency, which I'm not sure how would it affect the prices in few years time. Hopefully, China won't ban bitcoin despite their opposition, because if they would, it would shake the bitcoin network and most probably the market.

as far i know , Chinese president’s just say :
“We must take the blockchain as an important breakthrough for independent innovation of core technologies,”
then
“[We must] clarify the main direction, increase investment, focus on a number of key core technologies, and accelerate the development of blockchain technology and industrial innovation.”
and the interesting fact :
The Chinese president’s statements on blockchain are believed to be his first in-depth remarks on the technology.
who know what the next statement from him.
oh yeah, source

[EdvinZ]

1) Bakkt trading platform has long been launched and its launch did not lead to the growth of Bitcoin, on the contrary, it collapsed in price in that period of time.
2) The Market revived most likely due to the statements of the Chinese leader that China should put blockchain technology in priority and as soon as possible begin to implement it in the infrastructure of the state.

[nasipadang]

well , i was have a plan to sleep early on this day, but before i going to bed, i checked CMC for the last time, and i was suprised, btc going to 10k range .
firstly, i just have speculation about what happened today btc will back on 8k range, but i was wrong, even now almost 10k .
so , any though behind it ?
i just found 2 news about this rally so far.
1. probably because increased daily trading volume in the bakkt market . (not really sure about this one)

2. probably because China’s President, Xi Jinping, endorsed blockchain technologies in a speech, shocking the world. Many on Twitter have claimed that this news likely lead investors to become bullish on the cryptocurrency markets, despite China still vehemently detesting Bitcoin. (quite sure )

or i still missed something ?

Which caused a huge demand in the crypto market was when Chinese president Xin Jinping stated "We must take the blockchain as an important breakthrough for independent innovation of core technologies". After what happened to Mark about the launch of Libra, finally heard good news from one of the big shops. China indeed bans bitcoin but adopts blockchain technology.

[ashmodeus]

1) Bakkt trading platform has long been launched and its launch did not lead to the growth of Bitcoin, on the contrary, it collapsed in price in that period of time.

of course Bakkt market will make a affect to growth of bitcoin, but not yet, need a time for it, according to some speculation I got, the real effect of Bakkt will be seen next year,since many big players still playing "wait and see".

2) The Market revived most likely due to the statements of the Chinese leader that China should put blockchain technology in priority and as soon as possible begin to implement it in the infrastructure of the state.

i thought so ,although in that case he did not mention bitcoin, but well , its like a green signal for crypto currency,or at least for now.

China indeed bans bitcoin but adopts blockchain technology.

so far,i just know about china want create Own Cryptocurrency for Replacing Cash and Sideline Bitcoin, or maybe its like a signal they want to make something more than bitcoin.

[DabsPoorVersion]

Due to the announcement of the president of China its price suddenlt surge. It was spread through social media which trigger the current price of every cryptocurrency in the market.
By announcing on focusing on the development of the blockchain, a huge impact like this have caused a positive effect in the whole cryptocurrency world.

[Youghoor]

It's probably that, and China's president announcing support on blockchain technologies could have gained attention especially from the miners and crypto-people in China. However, I don't think their government support bitcoin in particular, they're gonna make their own cryptocurrency, which I'm not sure how would it affect the prices in few years time. Hopefully, China won't ban bitcoin despite their opposition, because if they would, it would shake the bitcoin network and most probably the market.

Well, this might be a major contributed to the sudden rise in the market value of bitcoin but I also think there might be other reasons for what's happening in the bitcoin market currently.  When it comes to the sudden rise in the market value of bitcoin, there are numerous factors that influence the rise and fall of the market. But no one can really tell the actual cause of this sudden rise of bitcoin...

[surgeok]

well , i was have a plan to sleep early on this day, but before i going to bed, i checked CMC for the last time, and i was suprised, btc going to 10k range .
firstly, i just have speculation about what happened today btc will back on 8k range, but i was wrong, even now almost 10k .
so , any though behind it ?
i just found 2 news about this rally so far.
1. probably because increased daily trading volume in the bakkt market . (not really sure about this one)

2. probably because China’s President, Xi Jinping, endorsed blockchain technologies in a speech, shocking the world. Many on Twitter have claimed that this news likely lead investors to become bullish on the cryptocurrency markets, despite China still vehemently detesting Bitcoin. (quite sure )

or i still missed something ?

Crazy

[ReiMomo]

BAKKT has been already launched but I think the effect on the bitcoin price is been prolong and not yet been effected.
Probably the current surge of bitcoin upward the price because of China's announcement about blockchain adoption. That country has many big investors and might the reason for having triggered bitcoin price pumped up. Well, maybe coincidence or something like that, we don't know what is the real reason for sudden pump up but at least we are now in bullish trend. Let's do hope this is not a bull trap.

[tsaroz]

Yesterday was a sharp decline from the average price of bitcoin over a month. Reports emerged of whale buying and the prices today rose above the average is now at around 9.5K
The decrease was surely a dump from whales to buy more and people got excited by the news and rose the price while the whales sold some for profit. Now the price would again correct around the average of 8.5-9K as whales would plan for another move.

[Zeke_23]

It's probably that, and China's president announcing support on blockchain technologies could have gained attention especially from the miners and crypto-people in China. However, I don't think their government support bitcoin in particular, they're gonna make their own cryptocurrency, which I'm not sure how would it affect the prices in few years time. Hopefully, China won't ban bitcoin despite their opposition, because if they would, it would shake the bitcoin network and most probably the market.

Well, this might be a major contributed to the sudden rise in the market value of bitcoin but I also think there might be other reasons for what's happening in the bitcoin market currently.  When it comes to the sudden rise in the market value of bitcoin, there are numerous factors that influence the rise and fall of the market. But no one can really tell the actual cause of this sudden rise of bitcoin...

This is the major event right now, as the leading country to ban cryptocurrency before is now finally seeing the true potential and usage of blockchain technology.

And now, he's leading to contribute to the development of blockchain technology, China truly wants to overcome the current trend of bitcoin by creating their own crypto.

[MURONDI]

I was also quite surprised when I opened Coinmarketcap, whereas previously people thought bitcoin would go to its lowest point since last year, maybe it's time for bitcoin to go up, and that's what most people expect.

[teosanru]

Did you know what trigger the correction in btc to 7300? Did you know what triggered the correction of BTC way back to 19k? I think these movements are unpredictable and getting out of hand these days. There is no explanation whatsoever to a 30% increase in a day and 20% fall in a day. These things are price manipulations accept it or not. However I came to knew a fact that even in 2017 btc price was hovering around 10k in October and we very well know what happened until the end of the year maybe the same thing can go around once again.

[bitzizzix]

Yes, today's increase in bitcoin is influenced by news that Chinese president Xi Jinping is calling on the country to accelerate the application of blockchain technology as the core for innovation.
and that is very good news and can increase bitcoin because China will soon implement blockchain technology Not bitcoin, but it will affect the increase in bitcoin or other crypto currencies.

[bassbity]

I just woke up and was surprised after seeing Coinmarketcap bitcoin already reached $ 9,600. I am very happy to see it, but what are the reasons for this significant increase.

I believe with point 2 that you talked about,
China is a big country so it's natural for a President to talk about blockchain and this has a positive impact on bitcoin, soon after that prices go up high.