What is the reason for the increase in the price of Bitcoin?

[NdaMk]

Last week 3 Banks in the US went down, Silvergate Bank on March 8th, Silicon Valley Bank on 10th and Signature Bank on 12th and if you look when the market started rallying it gives a clear idea why the BTCitcoin market started rallying, after all BTCitcoin is created to be an alternative when fiats and banks fails and people are identifying that and moving their assets to BTCitcoin and hence the rally.

The market has been let’s say in the a bull trap since the start of the year as the new banking policies are pushing people away from fiat. Top banks been faced with bankruptcy and the much news around hyperinflation has pushed the bitcoin price and I expect it’s rise since with many new investors in demand because of the next halving

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[MoonOfLife]

I think there's no need to bother too much about why bitcoin goes up or what causes bitcoin to drop. Bitcoin is a financial market, and its ups and downs are inevitable. Enjoying it instead of looking for causes won't help you either. Bitcoin is rising, but I prefer it to fall, I expect a strong correction soon for me to buy it, I like to buy cheap rather than high.

[Mr.sprin]

The price of bitcoin rises because of investors' trust in bitcoin if investors have lost confidence in bitcoin and they release bitcoin then the price of bitcoin will go down even the value of bitcoin can be exchanged for one pizza.

[kryptocanon]

This could be due to a lot of reasons. Though it hasn't been doing any bad since the beginning of the yearbook. Moreover, investors seem to be falling back on bitcoin while they are beginning to doubt if Credit Suisse and Silicon Valley Bank were regulated.

[LogitechMouse]

Sentiments of the investors towards what's happening right now.
I believe that's what makes the price of Bitcoin going up.

Banks are against crypto. Some banks are now struggling. Banks like Silvergate, SVB, First Republic, and even a well-known bank which is Credit Suisse is having problems right now. I don't know if it's somewhat correlated, but I believe what's happening with the banks right now is a good thing for the Bitcoin investors, thus the sentiments is changing. People are more optimistic thus, people are buying Bitcoin, and that increase it's price.

Markets are heavily driven by emotions and sentiments from investors.

[crunck]

Sentiments of the investors towards what's happening right now.
I believe that's what makes the price of Bitcoin going up.

Banks are against crypto. Some banks are now struggling. Banks like Silvergate, SVB, First Republic, and even a well-known bank which is Credit Suisse is having problems right now. I don't know if it's somewhat correlated, but I believe what's happening with the banks right now is a good thing for the Bitcoin investors, thus the sentiments is changing. People are more optimistic thus, people are buying Bitcoin, and that increase it's price.

Markets are heavily driven by emotions and sentiments from investors.

Many believe that the collapse of banks is the cause of bitcoin's price increase as people lose faith in banks and start switching to bitcoin. But the mass collapse of this bank did not cause any damage to depositors, everyone was guaranteed a full refund. Perhaps this is just an excuse for sharks to create Fomo in the market since there isn't any correlation.

[Nrcewker]

As of yesterday, the price of bitcoin was $28k and today the price of bitcoin is $27k.
From my understanding, the price always rises once there is an increase in directives, and this makes those who has invested on bitcoin happier than those that haven't yet to invest on Bitcoin.

Like any other asset, Bitcoins follows the policy of supply and demand. Bitcoins are limited in number, hence when the demand of the coin increases, the price also increases to fulfil the demand. This is just the basic scenario to understand how does the price gets affected. Moreover Bitcoins also follow many other factors, for which it’s price increases or decreases. But generally the sharks play a major role in manipulating the price. Currently Bitcoins are at a great price to be bought, so before the actual bull market hits, buy as many coins as you can.

[S A KHAIR]

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I haven't noticed any significant good news, but it appears like Bitcoin simply started pumping up. But I agree with the OP that if money were actually injected into the economy, the amount of fiat in circulation might have increased. As a result, fiat is also being injected into bitcoin. Hence, to me, this is a viable explanation.

Last week 3 Banks in the US went down, Silvergate Bank on March 8th, Silicon Valley Bank on 10th and Signature Bank on 12th and if you look when the market started rallying it gives a clear idea why the BTCitcoin market started rallying, after all BTCitcoin is created to be an alternative when fiats and banks fails and people are identifying that and moving their assets to BTCitcoin and hence the rally.

We have millions of other banks, and only 3 failed, so how can you say that people are looking for alternatives and they are afraid of banks? There is no correlation between the rise of bitcoin and the collapse of banks, which causes the price of bitcoin to rise. If bitcoin rose thanks to those crashes, then why did bitcoin stop and only increase when the US government pumped money to save the banks?

[Cryptmuster]

Like any other asset, Bitcoins follows the policy of supply and demand. Bitcoins are limited in number, hence when the demand of the coin increases, the price also increases to fulfil the demand. This is just the basic scenario to understand how does the price gets affected. Moreover Bitcoins also follow many other factors, for which it’s price increases or decreases. But generally the sharks play a major role in manipulating the price. Currently Bitcoins are at a great price to be bought, so before the actual bull market hits, buy as many coins as you can.

Most likely this is due to problems in the banking sector, part of the money is redirected to bitcoin, but it can also be manipulation, show local growth in order to present bitcoin as a protective asset against the banking system, but in the future we may expect a further downward movement of bitcoin, so far I'm not sure that bull run has begun. To do this, we must go through a phase of despair, which I have not yet seen, after which growth will begin.

[stadus]

Nothing could really pinpoint of what is the reason for the current pump and I don't know if we should really think about it. Because not all pumps (and dumps) should always have that and we have to consider the volatility of the market as it was expected to see the abrupt change in price trends at any time.
However, the conflict between Russia and Ukraine soon ended which is also a factor affecting the increasing demand in the crypto market. And the other thing to consider as a contributor to the current pump is the recovering economic status of major countries.

[drwhobox]

I think there's no need to bother too much about why bitcoin goes up or what causes bitcoin to drop. Bitcoin is a financial market, and its ups and downs are inevitable. Enjoying it instead of looking for causes won't help you either. Bitcoin is rising, but I prefer it to fall, I expect a strong correction soon for me to buy it, I like to buy cheap rather than high.

Same for me, I used to overthink about bitcoin price but now I am fully into bagging as more as I can. Now I follow a simple strategy and I think most people are doing the same which is buying more when the price goes down and forgetting about it until the price hits the target.

[franky1]

its nothing to do with fed reserve or inflation

its much more simpler

idiots preferd to hoard stablecoins($) instead of btc
this SVB /signature risk on stable coins scared some into wanting to hoard BTC rather than stablecoin

also the whales of futures markets lost a couple bets and so they have stopped betting futures as much and thus not needing to cause resistance walls on the spot markets. and so allowing the spot market to resume being a "free market" again

however the resistance is building up again and we might see new lines occur to stop the speculation going to high again

..
bitcoin has its own markets and price discovery speculations. it is not a sheep to wallstreet

[irsykes]

what is certain is that many wealthy people switch to bitcoin or altcoins, making the price and volume of bitcoin go up. Bitcoin has been around for a long time now and all of this requires a process for everyone to believe that Bitcoin creates something more interesting in terms of any category. social media is now filled with crypto in the process people will learn and curiosity increases making people switch

[Betwrong]

what is certain is that many wealthy people switch to bitcoin or altcoins, making the price and volume of bitcoin go up. Bitcoin has been around for a long time now and all of this requires a process for everyone to believe that Bitcoin creates something more interesting in terms of any category. social media is now filled with crypto in the process people will learn and curiosity increases making people switch

In my opinion, many people who have never had BTC before, were planning to buy some for many months now. Knowing well that in the not so distant future Bitcoin price will reach a new ATH, meaning $70k+,  they were still waiting for the lowest price possible to invest in BTC. Now that it's rising, and they obviously missed a below $20k buy, they want to at least buy at below $30k. And I personally think that buying below $30k is still a very good deal, so they are doing the right thing, those who are buying today.

[Smartprofit]

Of course, 1 BTC = 1 BTC, however, in fact, the price of bitcoin is expressed in fiat currency (specifically, in US dollars).  

Therefore, an increase in the supply of the US dollar in the market leads to an increase in the price of Bitcoin.  

Currently, the Fed and the US Government are facing a crisis in the banking sector.  There was an urgent need to change the banking legislation, in particular, the rules for the revaluation of securities stored in the bank.  

At the same time, before making changes to the banking legislation, it is necessary to make an inventory of the assets of all American banks.  Recent events raise the suspicion that some of these banks are in poor financial condition, and perhaps even show signs of bankruptcy.  

Therefore, financial assistance to American lending institutions is a necessity.

And these actions to provide state assistance to banks lead to an increase in the price of Bitcoin.

[irsykes]

what is certain is that many wealthy people switch to bitcoin or altcoins, making the price and volume of bitcoin go up. Bitcoin has been around for a long time now and all of this requires a process for everyone to believe that Bitcoin creates something more interesting in terms of any category. social media is now filled with crypto in the process people will learn and curiosity increases making people switch

In my opinion, many people who have never had BTC before, were planning to buy some for many months now. Knowing well that in the not so distant future Bitcoin price will reach a new ATH, meaning $70k+,  they were still waiting for the lowest price possible to invest in BTC. Now that it's rising, and they obviously missed a below $20k buy, they want to at least buy at below $30k. And I personally think that buying below $30k is still a very good deal, so they are doing the right thing, those who are buying today.

yes, it's still good if you buy under 30k, if the person has never owned bitcoin before, this is a golden opportunity to save long term. but people who are just entering the crypto world are always reckless or afraid of what will happen if the price of bitcoin goes down making new people discouraged..?

[serjent05]

Of course, 1 BTC = 1 BTC, however, in fact, the price of bitcoin is expressed in fiat currency (specifically, in US dollars).  

Therefore, an increase in the supply of the US dollar in the market leads to an increase in the price of Bitcoin.  

I think it isn't the way how the price of Bitcoin increase in terms of fiat currency.  I believe it is still dependent on the USD that is pour in the Bitcoin market.  Even though the amount of inflation of USD greatly increases, if it is not injected into the Bitcoin market, the price of bitcoin will not increase.  for Bitcoin to increase in price, fiat currency must be injected to the market, thus creating demand that will consume the supply.

In general terms, it is obvious that demand out weight the supplied reason why Bitcoin increased in price.  The reason for the influx of demand is because of the news and fear about banks getting bankrupt and the possible loss of money if not pulled out of the traditional banking system.

[Unbunplease]

One reason for the increase in the price of bitcoin is undoubtedly the banking crisis and the freezing of funds. People have perfectly understood that if they do not own the keys to the account (figuratively speaking), they can lose their savings at any moment. Add to that the versatility of bitcoin and its high liquidity.

[Artem Sereda]

I think there's no need to bother too much about why bitcoin goes up or what causes bitcoin to drop. Bitcoin is a financial market, and its ups and downs are inevitable. Enjoying it instead of looking for causes won't help you either. Bitcoin is rising, but I prefer it to fall, I expect a strong correction soon for me to buy it, I like to buy cheap rather than high.

You don't seem to be a proponent of predictions. Because on the background of news, events, you can predict the rise or fall of the price, which will allow you to have a more favorable position.

[irhact]

Obviously, the sentiment of the market is positive due to the current bad events in the traditional financing system.  Bank system failure make investors lose trust on the traditional financing system making them to look for alternative and that is where Bitcoin comes in.

My thoughts as well, the traditional banks has been collapsing of recent and people are beginning to lose trust in them. They are searching for new alternative and the next alternative has to be Bitcoin and that's why only Bitcoin is pumping as the Altcoins hasn't caught the wave yet. It'll continue like this since the sentiment in the market is that it's still beerish.

FED printing money can have different impact, maybe if we were in a bullish market then such news can pump the market and then all coins will be impacted but as it seems only Bitcoin is benefiting which is why the lack of trust in the banks narrative is more believable as people are looking for where they can trust.