Daily: Bitcoin Shoots up 10% !! But Why??
Bitcoin led a cryptocurrency market rally of 10% increase in less than 1 hour. In this episode, we look at the long-term reasons as to why there is positive sentiment - Institutional interest (Goldman Sachs, Blackrock, Cohen Fund, Bitcoin ETF) and also liquidated shorts that could have caused the rapid change.
1:00 Market Recap
1:48 Institutional interest in crypto?
2:13 Blackrock's new taskforce
3:00 Why Price Spike
3:27 Liquidated Shorts
4:47 Google trends an Indicator for the price?
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I talk about:
#Bitcoin #Ethereum #Cryptocurrency #Crypto #Altcoins
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I think its because of the BTC Futures ETF's.
10% profit is nothing . its just starting of market pump we can see a huge profit nearly about 2x to 4x in the price of bitcoin at the end of this year.
great stuff.. everyone is hoping that btc will break its all time high price and can touch 30 to 40000$ in December.
Very good information - especially because the pump was such a surprise. I hope the market will recover more and more over the next months. Also depends on the SECs decision about ETFs. I liked the part of your video where you explain the google indication. Did not recognize this is a way to explain market movements.
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Amazing.!
Bitcoin price increasing is start, i hope Bitcoin price touch 8000$ very soon.
There ia no doubt that the spike was related to a short squeeze however what is more interesting is that it occurred during the week when volumes are higher than the weekends when breakouts occur. The fundamentals seem to be catching up with the prices which could add demand as projects continue to perform on their roadmaps.
Hi what was the real reason of btc pump?
It is great to see bitcoin, Steem and other cryptocurrencies in recovery mood.