Bitcoin price today !

[bounceback]

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.

today is definitely a very happy day for bitcoin investment because today the price of bitcoin is up again between $ 10k. I'm also very happy, maybe it's true because I think bitcoin investors in China or other crypto miners in their country are very interested in bitcoin again because they listen to presidential speeches supporting blockchain technology, even though the Chinese president previously banned cryptocurrency in his book. country. .

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[airdnasxela]

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.

Yes they're only supporting blockchain but not bitcoin. The president of China is aiming to create their own cryptocurrency wanting it to be the leading cryptocurrency.
Today it might have caused a positive impact with the price but I don't think it'll last when the Chinese government already established their own digital currency.

[xiboothrezi]

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.

Surprisingly enough, the bounce occurred before touching the level <7k $.  In my opinion, the news contains suggestions from the Chinese president about the adoption of a blockchain that is fundamentally influential.  especially since China is one of the most BTC holders in the world.  Well, whatever caused this, all three of you can get a positive impact, and just like you, I hope it's not just a whale game.

[posi]

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 ?

The China’s President, Xi Jinping, endorsed blockchain technologies not the bitcoin and like you said their governments still detest bitcoin and other cryptocurrencies while they are planning to create their own national crypto. However, the increased in BAKKT daily trading seems to be among the thing that triggered the current surge in price of bitcoin market.

[maydna]

I guess we already see $10k in a few hours ago because the price now stays at $9600-$9700, but that will be possible to hit $10k again. I am not sure if there is a real reason for bitcoin to jump to a higher price in just 1 day because even we search on many websites or sources, we cannot find the truth. Let us enjoy the price and sell bitcoin while we see the price is at a higher price because we don't know if, in the next few hours or tomorrow, the price will be at a rate now or to go down again.

The price will be up and down this weekend, and we need to be careful to see if the bad time will happen again because we can only predict where the price wants to go. And if we can make a strategy to prevent the bad thing, then we will be ready for anything that will happen in the market.

[djsugar]

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 ?

The China’s President, Xi Jinping, endorsed blockchain technologies not the bitcoin and like you said their governments still detest bitcoin and other cryptocurrencies while they are planning to create their own national crypto. However, the increased in BAKKT daily trading seems to be among the thing that triggered the current surge in price of bitcoin market.

People are giving China the credit if ether present price surge. But as you said, he only said block chain and Blockchain is not Bitcoin. Therefore, that statement wouldn't have made any difference. I think even bakkt has little to do with this price surge. This price surge was more of a manipulation. If you look on bitmex, many got liquidated.

[ice18]

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 )

This is definitely the reason why bitcoin surge up to 40% in just a day this is the 4th largest gain in history of bitcoin according to some tweets in social media https://twitter.com/krugermacro/status/1187909119849783296 , because bitcoin is the pioneer of blockchain technology this bullish news from one of the most influential person in the world will surely impact on bitcoins value most investors will think that China is pro blockchain together with crypto currency.

[Tylev]

The price of bitcoin has now really grown very much and is now at $ 9,600. Everyone is looking for the cause of this event. They do not find an obvious reason, and therefore some say that Bitcoin does not need any visible reason for growth now.
The two reasons given here, in my opinion, are not directly related to the rise in the price of bitcoin. China has always supported the introduction of blockchain technology and has issued the largest number of patents for inventions using this technology. An increase in trading volume on one of the exchanges also cannot lead to such a significant increase in the cryptocurrency market.
However, not knowing the exact reasons for the rise in the price of bitcoin, we cannot predict further market growth, which means we do not know what to do with our cryptocurrency in this situation.

[jootn2kx]

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 ?

The China development is probably it, calling attention to the blockchain in a country that large is bound to have consequences. Even now, BTC price is inching closer and closer to $10k, which is higher than we have seen in weeks. However, I don't know if it will last.

[Makka]

Happy days again! I am not overreacting on this. Jin Ping is positive on blockchain because it is undoubtedly will become a commodity in the future. But the truth behind the words of the Chinese head of state is not on decentralized crypto projects. Bakkt is a giant force, it was slow on its opening but we all know one day it will spearhead a big price spike.  

[Ferris419]

Bakkt released caused Bitcoin price fallen down. So, I don't think BTC's price increasing because of Bakkt. Rather, China bought 21 Million BTC yesterday, and the president of China publicly said that China endorses Bitcoin, which is great news for the crypto world. So, This can be the reason for the BTC price pumps!  

[Wintersoldier]

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 ?

Based from the number of traders and investors in bakkt, it is not much likely that it is the reason why bitcoin spikes, basically the volume of trades in bakkt isn't ahowing huge possibility of demand, thus we all know that a huge market price of a crypto will be based on the adoption ratethat cryptocurrency ia having in a period of time.

[kryptqnick]

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.

I don't know, I think the opposite is more likely. Bakkt volume is still pretty low, and it's not something happening all of a sudden to cause such movement. And anyway, futures deals don't directly affect the real market, they can have all sorts of impact or none at all. The Chinese President thing, however, is a shocker and could lead to such a price boost. Let's have a look at the time of the price boost. It's approximately 3-5 a.m. UTC. It was late in the morning in China, which is a good time to read the news and start buying coins. And besides, take a look at the top Bitcoin exchanges right now. The top of the list is heavily dominated by Asian-based, if not China-based exchanges, so it's gotta be something that happened out there.

[Broly46]

Idk I have a mixed feeling, it tell me it is 2017 all over again, but I don’t really put up a high hope for it, the air is very different for the pump today, I think the price movement does tell something big is about to unleash, but I’m hodl, that’s the first thing to do right now, and also the last thing to do. If you ask me the TA, I can’t tell the pattern, it’s all contradicting, a clustered mix of bear and bull forming the chart, I does hope it’s in anticipation for the upcoming block reward halvening we’re all waiting for.

[Meowth05]

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 ?

I think the 2nd one i more reasonable. Remember when China restrict the transaction regards with Cryptocurrencies it made a huge impact in the community and now China's President Xi Jinping had mentioned the Blockchain technology on his speech, perhaps this might the reason of Bitcoins sudden movement. Basically, China is a total big contribution for cryptocurrency industry. 

[Inkdatar]

When I check the price this morning I’m surprise it reach $9k above. Possibly with the news comes from China endorse Blockchain technology. Aside from the fact price may really swing up and down we cannot give an accurate answer to this why bitcoin price today had an increase. Possibly price could drop little or it could go continuously increase the following days. No one knows where it headed, but I am one of those who hopes for the bull run to happen.

[pundit]

I just checked Bitcoin price and surprised to see 24% gain in a single day, currently it is trading at $9200 after touching high of  $10275. For some days it was ranging and sudden rise in the price just surprised me. May be a positive statement of Chinese President Xi Jinping about Blockchain technology is the reason of this price appreciation of Bitcoin. Crypto market really needs such positive response to regain investor's faith. I hope good days of crypto world will come soon.

[imstillthebest]

or i still missed something ?

i think you missed the fact tht btc is still be manipulated by whales  .  those news are only normal and can happen on a day to day basis but manipulation are rarely or unexpected imho .

thanks to them because btc is still showing a signs that it can still reach a new ath just before the end of the year  . im expecting that the 10k support will finally broken just by we entered the month of november and will continue to increase gradually   .

[SummerBliss]

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 ?

See it could be the possible reason that China announced its support to blockchain technology which in turn surged the market greatly and prices moved across $9500 within few hours or it coule possibly the pump everyone was waiting from a long time as investments at large level have been made in the market.Everyone have their own justification but according to me what is more important is that prices have rised after so long and its happy time for all of us so just enjoy your profits at this moment.Thats the power of btc.

[barabarian1]

actually I also don't know what caused the value of bitcoin to go up 30% today. maybe the two reasons you mentioned also affect the increase in bitcoin. but this news really makes us happy because the rise of bitcoin makes the green altcoin market back after a long time in red. and maybe now it's time for bitcoin to bull. after the bear market for a long time.