BULL RUN

[nnedigood]

Does anyone know what is causing the bull run on Bitcoin and eth?

[mk4]

Supply and demand. More bitcoin are being bought than being sold on exchanges, and the sell orders below the current price got eaten up by buyers, hence why the mid-price(best bid + best ask / 2) increased.

[YuginKadoya]

Does anyone know what is causing the bull run on Bitcoin and eth?

I wish it Continue's to pump higher up to $12,000 USD I think that this is not like the 2017 bubble and might continue to move up even a little bit higher than this but let's not forget that there might still a pull back from time to time because we already reach the $11,500 mark then falls back to $11,100 USD again, I don't really know what causing it but I wish it is really because bull run is here.

[HeRetiK]

Does anyone know what is causing the bull run on Bitcoin and eth?

Well, Bitcoin had this little thing called halving a couple months ago so it seems like we finally start feeling the impact of the reduced coin supply.

Ethereum... I guess something something De-Fi?

Also crypto is getting is generally more optimistic in the wake of the previous Bitcoin halving. Veterans already know what's coming next.

[rdbase]

Been watching a few youtube videos and reading a couple tweets for their take on the bull run this time around and nobody seems to know.
And just like most of the time grasping at straws for a definitive answer to the question.
Some saying paypal looking to accept cryptocurrency for their platform others are saying movements of huge amounts of bitcoin. But when does this not happen.
For their explanations on why ethereum is pumping even more than bitcoin this time around (up 23% compared to 15%), everybody is pointing to defi projects taking off all the sudden but were really getting going about a month ago back in June where every Ytuber was pumping their bags full of they're sh*tcoins.
But I think it's because of the news of ethereum 2.0 is finally in their testing phase.
https://www.coindesk.com/staking-on-ethereum-2-0-takes-first-step-with-test-system-for-validators
Calling in the validators!

[Kez1817]

Does anyone know what is causing the bull run on Bitcoin and eth?

Higher Demand with limited or less supply has a great impact causing a bull run for bitcoin. Second is a bitcoin halving which happen every four years if i'm not mistaken.

[ChiBitCTy]

With there not being a real strong reason or two around why bitcoins rise to 11,000+ happened you then have to wonder if it's a coordinated pump by a bunch of deep pocket billionaires.  I think the good thing about all of this is the stability it had in the 9,000 range for so long. If there is a sizable dump to come, maybe it'll be able to stabilize around 9,000 range again.

[bL4nkcode]

Nothing huge happens before we got reached 11k, so probably the work of the supply and demand with the matching pair made the last halving. Or maybe we can include the announcement of the Washington DC federal court.

[rdbase]

With there not being a real strong reason or two around why bitcoins rise to 11,000+ happened you then have to wonder if it's a coordinated pump by a bunch of deep pocket billionaires.  I think the good thing about all of this is the stability it had in the 9,000 range for so long. If there is a sizable dump to come, maybe it'll be able to stabilize around 9,000 range again.

Could be because of Bitmex again with a new contender thrown in the mix?

This time in a tagteam!

https://www.youtube.com/watch?v=DnTgelIGmLA

[South Park]

Does anyone know what is causing the bull run on Bitcoin and eth?

Sometimes I wonder does it matter? People are always looking for the reason behind the increase but why does it matter? Just enjoy the increase and that the market is finally moving after many months of no movement, if this is the bull run we were expecting great if not then enjoy whatever profits you can extract from other traders, so while I understand why people may care about the why the most important thing as a trader is if you were able to get advantage of the movement or not.

[serjent05]

I read some news a few days ago that the possible reason why Bitcoin surge to $10k is because of :

There appear to be two main reasons behind the abrupt upsurge of Bitcoin from $9,700 to over $10,200. They are the liquidation of over-leveraged shorts and traders taking profit from over-extended alternative cryptocurrencies (altcoins).

But it seems it sparked a new hype in the Bitcoin market.  As Bitcoin price holds steadily at $10k+, the FOMO around the market is getting stronger and that maybe the reason why there is more demand for BTC right now.

[$crypto$]

Maybe this is also the effect of halving last month and now we feel the bullrun is really happening but it can also be from the supply and demand in the market increases so that this strong purchasing power can also trigger a bullrun.

At this time DeFi is being popularly discussed so there is an impact on ETH too but the real source is increasing nobody knows but all of them now.

[DoubleEdgeEX]

From a Technical Analysis point of view, it was necessary to get rid of all the sell orders right above 10K, that´s what happened progressively in the last weeks where BTC remained in the range of doom. The bears are now taken their profit, or are still in betting on a decrease in price but the bulls and believers are stronger. If BTC can stay over 10K for a longer time, it would make this level ust as much a support as it was a resistance all the recent times.

Fundamentally, it´s maybe because people look for alternative investments and gold is no longer the only option. The hype around Blockchain, Yield farming, DeFi and all the other buzzwords might helped a well, Definately benefital were the news of international incoperations like Visa, PayPal or Mastercard decide to enter the crypto space. It shows trust and should make it easier for the average Joe to buy Bitcoin for himself.

 

[rajsimran]

Does anyone know what is causing the bull run on Bitcoin and eth?

I don't this is bull run
Btc price rising because this year bitcoin halving finished. So the demand is higher than the previous year. And the price of bitcoin is in stable price 10k$ -11k$.
On the hand, ETH price going up maybe because of btc price is rising and there is another possible thing that ETH 2.0.

[MainIbem]

IMO, the first half of 2020 has seen the world hit by the global pandemic which for sure is going to cause serious economic crisis. Most countries will devalue their currency and there will be inflation. So I think people are taking a wise step by keeping their money in cryptocurrency rather than in fiat. To avoid the negative effect of the foreseeable inflation.

[iRaMMuS34]

A bunch of reasons are in play, all of which are stated above, I'd just advice to not be tken away by it, anything can happen at any moment

[sunsilk]

I don't this is bull run
Btc price rising because this year bitcoin halving finished. So the demand is higher than the previous year. And the price of bitcoin is in stable price 10k$ -11k$.
On the hand, ETH price going up maybe because of btc price is rising and there is another possible thing that ETH 2.0.

It's ok if you are not convinced that we're not yet in the bull run but we can't deny that it's going to bullish trend. Just 5 months ago, on the month of March, it plunged to $4,900. And about 2 months ago, it went up to $8,400.

The other reason for the price increase for Ethereum could be the Forsage scam which people makes the demand higher but, it's more of ETH 2.0.

[chaser15]

Does anyone know what is causing the bull run on Bitcoin and eth?

There's no one who can tell what's exactly the reason but by reading some information on news and article, you might get an idea.

As a common reason, the bull run is a product of continuous demand. Looking at the chart, there are still largely sold out but the impact of large buy maintains the position. I like to see the price not to experience a massive bull run quickly as we don't want to see another hype. Currently, the growth is good, and no signs that the price increase is purely on hype.

Well-performing assets or investment or whatever you want to call it, even in the times of pandemic.

[Wilhelm]

There is always a bull run after the halving. Bitcoin has a four year repeating trend.
No real reason for the bull run apart from scarcity generated by the halving.

[desticy]

I heard the opinion that the elimination of short positions on several major exchanges, for a total of $ 600 million, provided fuel for Bitcoin's growth to $ 11,000.
It's really hard to say what is going on, but the $ 600 million in liquidated shorts is quite a large amount.