I think the biggest reason for its rise is bitcoin purchases made by corporate giant companies. Small investors definitely followed the purchases of large investment firms.
Yes, you are right.This bull run is powered by the institutional investors.
That's true , MassMutual , microstrategy are also companies that has Invested over $1billion in bitcoin, this alone apart from PayPal is enough for a push.Many business giants have their attention towards bitcoin and have been investing heavily in it, added to that is the Paypal payment processor that has brought crypto onboard. Those are factors contributing to its increase.
If two whales sell large amount of Bitcoin in a week , there will be a decline in the price of Bitcoin to an extent that one may consider buying againThere is likely going to continuous hold of the bitcoin than selling and very likely the sales won't come at once so the price may not drop significantly.
It is a clear indication that Bitcoin will hit the $35k mark soonest and cross it God's willing with the kind of buying and holding existing in the bitcoin market of recent.Yeah I am very happy for bitcoin as it was able to go so close to 35k , it reached about 34.8k some hours ago. I hope bitcoin surprasses 40k by this week.
Can anybody knows that why Bitcoins price is rising, in recent days it almost surpasses, a difference of $1000-$1500 mark daily. Which materials or reasons give it a boost.
And is it still continue to grow in next days or it will fall back?
I think very big investors and rich countries are involved in this increasing of Bitcoin price and it is very possible that the price of Bitcoin will cross 50K very soon. Lets see what is next level of price.It is a clear indication that Bitcoin will hit the $35k mark soonest and cross it God's willing with the kind of buying and holding existing in the bitcoin market of recent.
Lots of people are seriously Investing into bitcoin and I am sure this will continue so I encourage people to invest in bitcoin and ethereum especially.I think very big investors and rich countries are involved in this increasing of Bitcoin price and it is very possible that the price of Bitcoin will cross 50K very soon. Lets see what is next level of price.
That's true , the Investment has been very encouraging making it difficult for them to pull out their Investment rather they keep adding moreDuring the lockdown. Offline business was shut down and people have no choice than to be involving in online business. So many investors pull their resources on bitcoin hence the increment in price lately.
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