What is the reason for the rapid rise of BTC price

1.

The Open Market Committee expects to raise interest rates three times next year, and the market expects to raise interest rates two times. On the other hand, bitcoin is better than the market www.toubi.com According to the data above, it rose from more than 5400 points in the early 15th to more than 5600 points today. The increase of interest rate by the Federal Reserve not only did not cause the decline of bitcoin, but also caused a small rise. What makes bitcoin rise under the influence of such a big policy?

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< H2 > 2. Why? From November last year to the beginning of this year, the virtual digital money market represented by bitcoin has taken China's policy as the wind vane. Looking at China's global price trend, I can tell you the story behind each candle chart along the way. The range of rise and fall is very large, but all investors can see clearly why it will rise and why it will fall, Bitcoin is a kind of network virtual currency, which is characterized by decentralization, anonymity, can only be used in the digital world, does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Its characteristics make us firmly believe that bitcoin will become a mainstream currency in the future. Just like diamonds, at the beginning, someone picked up some shiny things by the river or on the beach, which was caused by...

Tags: bitcoin price, bitcoin

< H2 > 4

having been speculating in stocks and currencies for so many years, I can't help thinking about whether it's better to play bitcoin or stocks? In this paper, the author does not intend to say this problem from the perspective of the text, after all, everything in the market has good and bad, play that is not important, play that can earn real money is the most important. As long as you can make money, you can play anything you like. I am now a loyal player of bitcoin (I like to play, for it...

Tags: play bitcoin, play stock

< H2 > 5. 796 exchange Zhu Rong: on the rise and fall of bitcoin price and qualified investors, Bitcoin rose to 8000 yuan. Shangfang is precisely because in the relevant domestic policy vacuum period, as bitcoin investment heats up, the media pursues popularity in order to attract attention from the bottom to the top, and a large number of positive reports continue to appear on CCTV, which makes bitcoin increase social attention overnight, thus attracting a large number of investment capital inflows, Bitcoin price

< H2 > 6. Investigation on the causes of bitcoin crash: high leverage eventually leads to bitcoin crash

after four months of silence, bitcoin and other virtual currencies once again attracted the attention of the market because of the crash. Analysts said the reason for bitcoin's collapse was e to leveraged trading. On Monday night, the price of bitcoin on btc-e, a bitcoin trading platform, dropped rapidly to $309, nearly 40% from the highest price of $498 on that day. However, after the slump, bitcoin prices slowly rebounded. The new hope of electronic currency: the political and economic changes behind the rise and fall of bitcoin. Edwin van der Brom, a former bitcoin trader and Dutchman, is in endless regret these days. Three years ago, Edwin, who had just received the master's degree in finance and economics of Erasmus University Rotterdam,

tags:, the rise and fall of bitcoin, electronic currency, Edwin

8. "bubble curse" -- the five major reasons for bitcoin to give investors some doubts.

... The secrecy and performance limitations of block chain technology make it most suitable for the upward trend of corporate bitcoin. Let investors think that the bull market of cryptocurrency has come. But skeptics point out that the bull market will not come so soon. From April to may 2017, this digital currency rose more than 100%. Bearers believe that this market is familiar. From March 2017 to...

Tags: bitcoin investment

< H2 > 9. David Berger: the bitcoin ecosystem lacks trust

... David Berger, CEO and founder of the digital currency Committee (DCC), concted an interview. David Berger talked about the main challenges bitcoin faces, Why let people build their own businesses based on blockchain technology and why trust is crucial to the bitcoin ecosystem. Cointelegraph (CT): can you talk about the difference between the responsibilities of the digital currency Committee and the bitcoin fund? David b...

Tags: bitcoin ecosystem

< H2 > 10? BTCC spot trading day K-line chart shows that last Saturday (October 22), bitcoin prices rose from 4296 to 4539, a daily rise of 5.7%. The highest increase was from 22:45 to 23:20 on Saturday night, rising from 4354 yuan to 4539 yuan, the highest at present! In less than an hour, the price of bitcoin rose 185 yuan! In less than two weeks, the price of bitcoin broke through 4300 on October 11

2.

When it comes to bitcoin, many people must be familiar with it. According to the latest news, bitcoin's price has now exceeded nearly $30000< the reason for the sharp rise of bitcoin is e to certain economic impact{ RRRRR}

so it also pushed the price of bitcoin to a new high. In the second half of the year, this new pneumonia epidemic has also had a negative impact, so it has also implemented a loose monetary policy for all countries< however, we all know that bitcoin is equivalent to the encrypted virtual currency of a mainstream guy, so at this time, it has become a corresponding investment for many investment institutions who want to fight against inflation so at this time, the price of bitcoin has been raised accordingly, so it is also possible for each of us to carry out corresponding work. All this is e to the current economic situation, which leads to the rise of bitcoin

3. Under Tesla's "blessing", bitcoin restarted the skyrocketing mode. At 8 a.m. on February 9, 2021, bitcoin broke through again, with the highest price of $48126, hitting the $50000 mark.

4. Reasons for bitcoin's surge:
factor 1: bitcoin's spot trading volume rose
the decline on March 13 caused BTC to drop from US $8000 to US $3600 within 24 hours, and the buying volume of coinbase, Kraken, binance, bitfinex and other spot exchanges surged
at the same time, open positions (used to describe the total number of long and short positions opened at a specific time) fell sharply in mainstream futures exchanges (including bitmex, binance futures and okex)
the sharp decline of open position and the obvious increase of spot purchase volume of futures exchange actually lead to the transformation of the market. The spot market began to control the price of bitcoin, rather than the futures market
the futures market usually causes sharp fluctuations in the price of bitcoin, because traders use leverage (borrowed funds) to trade cryptocurrency, while in the spot market, investors buy and sell bitcoin without borrowing funds
this change has stabilized the market, enabled the price of bitcoin to rebound without a significant correction, and the volatility is relatively low

factor 2: BTC should not have fallen below $4000 at the beginning
on March 31, coinbase published a blog post, describing in detail the market trend after bitcoin plummeted to $3600
the exchange said that most users of the platform bought bitcoin after a sudden decline, adding that the waterfall clearing led to a much lower decline in bitcoin on the futures exchange than on the spot exchange
coinbase explained: "waterfall clearing is the most prominent in bitmex, which provides highly leveraged procts. During the sell-off period, bitcoin trading price on bitmex was much lower than other exchanges. Until bitmex was maintained at the time of the highest volatility (based on DDoS attacks), waterfall clearing was suspended and prices rebounded rapidly. When the st settles, bitcoin hovers around $5000, before plummeting below $4000. "
this opens up a theory that bitcoin should not have fallen to $3000 in the first place, which explains why bitcoin rebounded rapidly to $7350 in a V-shape

factor 3: rapid recovery to key support level
since the beginning of 2018, the level of $5800 has been an important support area in history. Avoid bitcoin prices falling between $3000 and $4000, except in December 2018
bitcoin prices quickly recovered from the $3000 range to $5800 in seven days. After three tests in March, the price of $5800 became a strong bottom, allowing bitcoin to continue its rally.

5. Unlike traditional stock exchanges, digital currencies such as BTC bitcoin can be traded on all exchanges for 7x24 hours. The characteristics of T + 0 trading mode and no price limit system make the price of bitcoin fluctuate greatly. Contributor: bitewang

6. Reasons for the rise: 1. Self: Decentralization (institutions can't freeze your bitcoin), difficulty in cracking, and certain anonymity. 2. When social problems occur, people worry about the preservation of traditional currency: for example, in 2013, in order to obtain the EU's 10 billion euro emergency aid loan, the government of Cyprus will levy a deposit tax on local bank depositors. In order to avoid policy risks, the public scrambled to change their currency into bitcoin. Then it spread to many countries in the euro area. It triggered bitcoin's first massive rise. For example, the new crown black swan event in 2020, the global "big water release" (negative interest rate), the decline of the influence of the US dollar, and the people and the government need the means to maintain the value of assets. 3. With the popularity of blockchain, a large number of institutions have entered the market. Traditional financial institutions, listed companies, and paypal have all promoted the rise of bitcoin. However, e to the limited supply, the demand has increased greatly, which has promoted the price rise.

7. Bitcoin has been hyped by some people. I don't know who the makers are behind it. But I'm afraid that the original makers are no longer important. The market frenzy has far surpassed the makers
e to the mechanism of bitcoin, it is impossible to proce a large number of bitcoin and put it on the market, while speculation is a short-term behavior, which quickly leads to strong demand. Moreover, when people invest in bitcoin, they must hold it rather than circulate it, so the relationship between supply and demand is seriously distorted. If it is US dollar, euro, RMB and other sovereign currencies, this phenomenon will not appear obviously
the high volatility of bitcoin makes it unable to become a real currency. If it cannot become a currency, its risk will not be automatically mitigated in the future. In other words, the boom has a lot to offer, but it's also a grave for bitcoin.