Bitcoin surge in the last 24hrs

[Aanuoluwatofunmi]

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

I still don't understand the reason for this or maybe it was a planned work or not, but for him to be attacked and then the whales moving funds from one address to another as well as the sale of Germany bitcoin holdings all have been what many were saying as reasons behind the rise and fall of the present market, though things like this could have a significant influence towards the market but still yet, we have to see it also as a means through which we may say that it was not it at all.

[dunfida]

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

I still don't understand the reason for this or maybe it was a planned work or not, but for him to be attacked and then the whales moving funds from one address to another as well as the sale of Germany bitcoin holdings all have been what many were saying as reasons behind the rise and fall of the present market, though things like this could have a significant influence towards the market but still yet, we have to see it also as a means through which we may say that it was not it at all.

Whether there are sentiments that do happen or events that did really occur on the moment that Bitcoins price is rising then it cant really be that so shocking that people would really be finding up things on which
they could really be able to attached on. on which on the time that it did make out some surge after that Trump incident or happening then you cant really be able to stop people on having those kind of thoughts
that there's a relation about into that situation into the current price movement on which we know that there's no assurance that it will really be that 100% reason on why this market did make out some movement.

We can make those assumptions all we want but totally there's no way to prove out that this was actually the main reason because we know that this market could movement without having sentiments around.
Whether it did really have connection or not then there's no way that we could really be able to know out. If you are someone who had been able to buyback when it did make out such dip then
you are definitely making profits as of this moment.

[uneng]

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

The positive tendency in Bitcoin charts was already going on before the attack on Trump. As soon as the German government sold all their coins, we immediately saw a recovery in the market beginning. The Trump effect just boosted the current trend. Anyway, I think the current price we are seeing was inevitable. With or without Trump being attacked we would reach this price range, if not this week, on the next or so...

To claim Trump had an essential role on this case, would imply Bitcoin price to reach an inedit price range around 70,000$ or more. But what we saw instead was just a recovery to a known price range from one month ago. Nothing new at all.

Now let's hope Mt. Gox redistribution isn't going to crash Bitcoin price to 50,000$'s again. So far, everything under control, considering the daily volatility of the market. Next week will be crucial, as it's expected the money from the redistribution will finally reach customers' hands.

[$weetne$$]

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

I do not see how this is related to the price of Bitcoin increasing, the attack is supposed to make the price of Bitcoin to fall if the market was responding to the attack on the US presidential candidate and he has not won the presidential election yet so why will the price of Bitcoin rise because of this. Everybody is going to have something to say that it is what is causing the market to increase and my best theory is the fact that Germany has stop selling Bitcoin because they have sold everything they had, that is what the reports are saying and I believe many traders are seeing this news and getting happy to start buying Bitcoin again causing the price of Bitcoin to start recovering. There is also the theory that this rise is just the market recovering and has nothing to do with any news because after a dump, Bitcoin price use to bounce back before we can expect further rise or fall.

[Lida93]

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

The past weeks  has been occupied with a  collapsing downtrends for bitcoin marching with the entire Mt Gox and Germany government sales of a part of their bitcoin hodling creating a market sentiment making the price of bitcoin to go as low as $53k after touching a new ATH in March. To be sincere, some of us never prepared for this as their laser was just focused on price doing more of uptrends to $100k.

On answering the question about Trump failed assassination attempt having anything to do with the price of bitcoin surging to $65k within few hours after that incident, I think it definitely relates, it's no coincidence. I mean Trump is a diehard cryptocurrency enthusiast and he has in time past being a positive influence to the cryptocurrency market which makes believe that his eventual emergence as the next US president could lead to more interest from institutional investors in bitcoin.

[JeffBrad12]

I do not see how this is related to the price of Bitcoin increasing, the attack is supposed to make the price of Bitcoin to fall if the market was responding to the attack on the US presidential candidate and he has not won the presidential election yet so why will the price of Bitcoin rise because of this. Everybody is going to have something to say that it is what is causing the market to increase and my best theory is the fact that Germany has stop selling Bitcoin because they have sold everything they had, that is what the reports are saying and I believe many traders are seeing this news and getting happy to start buying Bitcoin again causing the price of Bitcoin to start recovering. There is also the theory that this rise is just the market recovering and has nothing to do with any news because after a dump, Bitcoin price use to bounce back before we can expect further rise or fall.

aside from Germany that stop selling BTC which causes the fear to subsides I think the news about trump does play role as you might know trump is about to attend the bitcoin conference and have a speak in there so maybe people are pretty bullish.

some people also said that BTC climbing because technical analysis and indicator says so but honestly its all speculation, nobody really know what was the couse of sudden reversal after such big dump.
but it's always good to know that bitcoin reached $65k breaking the resistance, probably could come back to $70k again eventually since right now bitcoin is pretty strong unwavered by the fuds of Mt gox dumping.

[LogitechMouse]

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

In full support of cryptocurrency? How sure are you that he really is supporting cryptocurrencies in general when he's posting negative tweets here and there a few years ago?

If he's in full support of crypto, he must've said positive things about it even though he isn't running for presidency, but he's only doing it now - now that there is an election that's happening. TBH, the so-called "assassination attempt" towards him must not have any price impact towards the price of Bitcoin, but since in the past few weeks, he showed support for it, investors might see it as a positive hence, they bought Bitcoin causing the price to increase.

There's no correlation between the two, but this shows how unpredictable and exciting the market is, and how unpredictable the investors are. Any event that happens can make the price of Bitcoin either rise or fall.

[Adbitco]

I don't see any reason to be the effect of what happened, naturally bitcoin doesn't move according to how we predicted it instead could moved on the reversed way, there are people who has been trading with effects of Mt. Gox but instead the price still make another wave moving from 55k to 65k within 72 hours. what you must know is that people always speculate about bitcoin price with uncertain words could come or not come fort, most times when it doesn't happen as they said it become false and it slightly happened they want credits for their rough speculation.

[Marvell1]

I do not see how this is related to the price of Bitcoin increasing, the attack is supposed to make the price of Bitcoin to fall if the market was responding to the attack on the US presidential candidate and he has not won the presidential election yet so why will the price of Bitcoin rise because of this. Everybody is going to have something to say that it is what is causing the market to increase and my best theory is the fact that Germany has stop selling Bitcoin because they have sold everything they had, that is what the reports are saying and I believe many traders are seeing this news and getting happy to start buying Bitcoin again causing the price of Bitcoin to start recovering. There is also the theory that this rise is just the market recovering and has nothing to do with any news because after a dump, Bitcoin price use to bounce back before we can expect further rise or fall.

aside from Germany that stop selling BTC which causes the fear to subsides I think the news about trump does play role as you might know trump is about to attend the bitcoin conference and have a speak in there so maybe people are pretty bullish.

some people also said that BTC climbing because technical analysis and indicator says so but honestly its all speculation, nobody really know what was the couse of sudden reversal after such big dump.
but it's always good to know that bitcoin reached $65k breaking the resistance, probably could come back to $70k again eventually since right now bitcoin is pretty strong unwavered by the fuds of Mt gox dumping.

I also think that the sudden increase in bitcoin price is somewhat related to Trump's news because we all know he supports bitcoin in this election and made potential promises to the market. Regarding his assassination, this news caused his approval rating to become president to increase sharply, so it is reasonable for investors to be more optimistic.

But it is still too early to say that bitcoin will return to $70k and not be affected by the Mt.gox news. The news about Mt.gox has not been as hyped as the news about the German government that spread before and that is why the market has not reacted strongly. We need to wait until Mt.gox actually distributes their bitcoins to the market, then we will know exactly whether the market will react or not.

[Fara Chan]

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

I think the attack on Donald Trump while he was giving a speech to run his own campaign as a presidential candidate is a very separate thing from cryptocurrencies even though Donald Trump himself really likes cryptocurrencies completely, especially Bitcoin. And regarding the increase in the price of Bitcoin in the market which immediately penetrated the $65K mark, this is a very normal thing because even if Donald Trump does not suffer any attacks today, the price of Bitcoin will continue to increase and recover slowly in the market.

[lizarder]

I think the attack on Donald Trump while he was giving a speech to run his own campaign as a presidential candidate is a very separate thing from cryptocurrencies even though Donald Trump himself really likes cryptocurrencies completely, especially Bitcoin. And regarding the increase in the price of Bitcoin in the market which immediately penetrated the $65K mark, this is a very normal thing because even if Donald Trump does not suffer any attacks today, the price of Bitcoin will continue to increase and recover slowly in the market.

He is indeed running a campaign as a presidential candidate but he once made a statement about supporting cryptocurrency and bitcoin. People associate the statement with the events that occurred so that bitcoin increased to more than $ 65K. But for those of us who have known bitcoin for a long time, that should not be one of the reasons that made bitcoin increase from the previous correction process because if you look at it now bitcoin is experiencing a positive trend after the correction some time ago.

I want to see the price of bitcoin break above $ 70K even though if you look at the moment it has not been seen for this month. I also believe that there will be another correction after this and we will prepare to accumulate. So it is necessary to prepare to enter the market and for those who have made a profit in previous investments can wait for the right moment to accumulate.

[Akbarkoe]

Anyone is free to have an opinion with what he knows and feels, and you are not wrong if you think that what happened to the price of bitcoin is one of the impacts of political events in the US, yes we know that one of the candidates does support the Blockchain industry, especially bitcoin, and if elected, he will definitely support bitcoin in America which is currently quite tightly monitored by his government.

But who knows, maybe it can also be said that all this increase occurred because bitcoin experienced a pure increase in market demand that made the price spike, there is nothing wrong with the opinion if the basis of your argument is clear and can be calculated biased as a weighted argumentation assessment.

[BTC Bridges]

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

The fact that Trump lived through the shooting is viewed as bullish, since he is much more friendly to crypto than the Democrats. Also, Germany is done selling and we were over-due for a rally anyway.

[bitgolden]

Looking at the current situation once again, it's once again higher and I think that's a good thing, we should be quite happy with what we have and not be worried about it at all. I think it's quite easy to say that we are going to end up with something that will take a while, and should not be a big deal at all.

Bitcoin was bound to go up, that doesn't mean that Trumps attack was no reason, or it was the whole reason, I would say that think of it like a filled cup, eventually one more drop and it will go overboard, and in this case that might have been the single drop required for it, whereas it wasn't the only reason neither.

We have been down for a while and that means we need to realize that things aren't always that easy, things could always get better and because it was tough for a while that means we are going to end up with something that will take a while.

I believe that we need to consider that it was going to happen one way or another, maybe if not this week, then it could have been next week but it would be impossible for it to not happen. This is why I think it is not a surprise for anyone and we are doing a fine job at this moment as well. Hopefully that will take a while to recover.

[asriloni]

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

I think the attack on Donald Trump while he was giving a speech to run his own campaign as a presidential candidate is a very separate thing from cryptocurrencies even though Donald Trump himself really likes cryptocurrencies completely, especially Bitcoin.

I don't think so. Trump blatantly supports cryptocurrency. This is also fueling speculation that he will be a crypto-friendly president. Then, it makes people speculate. They see a link between him and crypto.
Most people are talking about this too. It makes sense to argue that Trump's good news will impact cryptocurrency.

And regarding the increase in the price of Bitcoin in the market which immediately penetrated the $65K mark, this is a very normal thing because even if Donald Trump does not suffer any attacks today, the price of Bitcoin will continue to increase and recover slowly in the market.

I think the price wouldn't rise a lot if Trump died, but glad he isn't. However, the market is not strongly tied to Trump's case. But I'm thinking about Trump's choice of JD Vance as his vice president. It is building hype among cryptocurrency holders. JD Vance was a bitcoin holder. This shows how Trump is really supporting crypto.
It brings more optimism to the crypto.

[barisbilgili]

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

I think the attack on Donald Trump while he was giving a speech to run his own campaign as a presidential candidate is a very separate thing from cryptocurrencies even though Donald Trump himself really likes cryptocurrencies completely, especially Bitcoin. And regarding the increase in the price of Bitcoin in the market which immediately penetrated the $65K mark, this is a very normal thing because even if Donald Trump does not suffer any attacks today, the price of Bitcoin will continue to increase and recover slowly in the market.

I think it has nothing to do with it, because if it were related, the price of Bitcoin would fall because of that event, but in fact the price of Bitcoin is moving in a different direction.
The increase in Bitcoin in the last few days is a response to the sharp decline that occurred previously so I think it is very natural.
And now we haven't seen the price of Bitcoin move higher than the price of 65k so in my opinion it is still the support price so if you look at it from before the sharp decline last week then there is no significant difference.

[legendbtc]

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

I think the attack on Donald Trump while he was giving a speech to run his own campaign as a presidential candidate is a very separate thing from cryptocurrencies even though Donald Trump himself really likes cryptocurrencies completely, especially Bitcoin. And regarding the increase in the price of Bitcoin in the market which immediately penetrated the $65K mark, this is a very normal thing because even if Donald Trump does not suffer any attacks today, the price of Bitcoin will continue to increase and recover slowly in the market.

I think it has nothing to do with it, because if it were related, the price of Bitcoin would fall because of that event, but in fact the price of Bitcoin is moving in a different direction.
The increase in Bitcoin in the last few days is a response to the sharp decline that occurred previously so I think it is very natural.
And now we haven't seen the price of Bitcoin move higher than the price of 65k so in my opinion it is still the support price so if you look at it from before the sharp decline last week then there is no significant difference.

Why did bitcoin price decrease following that event? Did you know Trump's approval rating skyrocketed right after the failed assassination attempt? Meanwhile, everyone knows that he is very pro-bitcoin and that means the market will also benefit if he is elected. Therefore, it is understandable that investors have positive sentiment from that event.

Bitcoin will only go down in price if he is shot dead that day because this will be a black swan for US politics and it will affect all other markets, not just bitcoin.

It will be hard to believe and many people will not like this, but many investors are very excited about Trump and the upcoming election, so news related to the election will certainly impact the market in the near future. It is inevitable.

[Zigabel]

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

I'm really finding it difficult to bring together the relationship between these two because personally I don't see any, Donald Trump has never in any statement of his rooted for cryptocurrency, he's always antagonizing it with the belief that it's used to fund crime, so I'm not going to buy into the idea that the incident has a thing to do with Bitcoin prices in recent times.
One thing I know further about Bitcoin is in the fact that it's independent of the economic situation of a particular nation, even political happenings in a particular nation usually do not get to affect Bitcoin pretty much except in some instances and it will be if mild impacts not as much as what's witnessed now.

[STT]

69k is the target now same as before, its just going to hit the range boundaries then sell.  The strength of resolve vs that selling from speculators will determine strength going forward and if BTC can go further above or just repeat itself endlessly like its been doing so long now.

I dont buy the political link either but its reminding me of previous times when hype drove the price some.  Its like a pan boiling over, its surprising how far it can go but ultimately we do need to find out where the real baseline strength is beyond imaginations of positives that are yet to occur and may never happen.

[wxa7115]

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

I don't know why people just give too much credit to something that happens around. I don't see any significance that the Trump assassination attempt brought to bitcoin; it's just a normal price correction from the price crash caused by the government's bitcoin selling, and again, the price of bitcoin did not reach $65,000 immediately after the attack; it took hours, and it's been more than 24 hours since the attack before the price of bitcoin reached $65,000 again.

It is not totally unrelated either, after all we saw the stock markets also going up roughly at the same time, so a connection could exist, and when you think about it, it is easy to see a reason why this may be the case.

If we take a look at what Trump did during his previous presidency, we know for a fact he will pass policies which benefit the richest, and since the assassination attempt failed this has caused an increase on his popularity, which could be more than enough to guarantee his victory on the next elections, and this is making those at the top happy as this means less taxes for them to pay.