facebookWhat is exactly happening in the Bitcoin market? Why is the price starting to increase again? - Seedly

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Anonymous

25 Feb 2020

Cryptocurrency

What is exactly happening in the Bitcoin market? Why is the price starting to increase again?

Is it a safe heaven and is it linked to the current US-China Trade wars?

Discussion (2)

What are your thoughts?

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Rais M

25 Feb 2020

Accountant at SME

When it comes to Bitcoin, I always use this approach - I don't know and I don't care.

Maybe it's soup grape cause I miss the run, but than again, I completely do not understand the rationale and background behind Bitcoin and since I do not have time to read up, i decided to ignore. Good point out of this - I never get to experience the sleepless night over its raise and fall.

Billy

14 May 2019

Development & Acquisitions Manager at Real Estate Private Equity

Hi!

I think this article gives quite a few suggestions on what are the possible causes of the spike to the Crypto market.

https://www.investing.com/analysis/is-bitcoin-f...

TL;DR

  • Similar to your thoughts, the author also felt the trade war could have led to investors finding other asset classes to invest in.
  • Bulls and Bears At It Again, just a simple push and pull of prices
  • Whales Coming Out to Play? Given how Crypto market is largely dominated by a few controlling players, once these players make a move, they can really shake the entire crypto market

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