3 reasons why Bitcoin has climbed today 🚀

[DrAdham 2]

First: Futures expire today.

Second, the president of China adopts blockchain technology and supports it from the state.

Third: Bitfinx may recover its frozen money from #America, which is $ 850 million

[bentayebsalah 2280]

I think these are enough reasons for the rise of Bitcoin, especially since China is one of the largest countries that are found in miners and traders
Similarly, if millions of dollars are injected into Bitcoin, it will naturally rise

[williamz902 696]

I think these are definitely contributing to the price increase. I wasn't aware of the other two - Bitfinx and Futures? Is that Binance Futures? Why was Bitfinix money frozen by America?

[hexwin 4931]

2 hours ago, DrAdham said:

First: Futures expire today.

Second, the president of China adopts blockchain technology and supports it from the state.

Third: Bitfinx may recover its frozen money from #America, which is $ 850 million

It could be that China had major role in this pump.... but we can never be 100% sure.
Someone like to play with Bitcoin price, and that is for sure.
China can also dump...so we are now waiting for USA to pump

[Thekingcallme 1975]

I think these are strong and sufficient reasons for the bitcoin price to rise to this extent awaiting other positive news to make it rise further

[Zzoro6110 19]

1 hour ago, Thekingcallme said:

I think these are strong and sufficient reasons for the bitcoin price to rise to this extent awaiting other positive news to make it rise further

The Chinese giant it's a powerful country and its adherence to blockchain and cryptocurrency adds great strength

[BitTyro 148]

5 hours ago, DrAdham said:

Second the president of China adopts blockchain technology and supports it from the state.

Time and again, it demonstrates that btc price is purely speculative bubble. It always reacts with the news. Whether good or bad, we see btc price moved up or down. 

On the side note, I hope the bears can support this price. Otherwise, a drop to $8,300 is imminent.

[Devh 564]

5 hours ago, DrAdham said:

First: Futures expire today.

Second, the president of China adopts blockchain technology and supports it from the state.

Third: Bitfinx may recover its frozen money from #America, which is $ 850 million

China will surely accept bitcoin in future and btc will regulate as payment mode locaaly in many places. Once Expo 2020 launch then there will Crypto currency will be used. So more coming in future. Expo is the main fact in 2020 so be ready guys for a big pump. Never miss chance on next dump to grab bTC.

[seriousguywithfunnypants 266]

8 hours ago, DrAdham said:

First: Futures expire today.

Second, the president of China adopts blockchain technology and supports it from the state.

Third: Bitfinx may recover its frozen money from #America, which is $ 850 million

Also, the forth reason is whales! Lol.

China’s move is a promising thing. However, they will also support their projects which are mostly comes from Chinese developers and companies. Let’s see what happens.

[sayyedraza 144]

13 hours ago, DrAdham said:

First: Futures expire today.

Second, the president of China adopts blockchain technology and supports it from the state.

Third: Bitfinx may recover its frozen money from #America, which is $ 850 million

Most favorable answer is number second as you mentioned above about President of China adopts Block-chain technology ! and about frozen recover will show some more Rise in future 

Thanks

Regards

 

[CrazyIvan 258]

I never took the expiring futures into account. Also I didn't know about the Bitfinex case. The combination of these 3 things explain alot, this is a pile of positive circumstances for the market

[bentayebsalah 2280]

23 hours ago, Zzoro6110 said:

The Chinese giant it's a powerful country and its adherence to blockchain and cryptocurrency adds great strength

China is a big blow to Bitcoin in 2017
And now it corrects and supports it again
I think good things started to happen with Bitcoin

[bestprofi 372]

On 10/26/2019 at 1:45 PM, DrAdham said:

First: Futures expire today.

Second, the president of China adopts blockchain technology and supports it from the state.

Third: Bitfinx may recover its frozen money from #America, which is $ 850 million

The fourth reason is a massive manipulation of approximately 55 billion USDT. This time the whales did not use their own sources, visible as a movement in the wallet traffic.

[Thekingcallme 1975]

On 10/26/2019 at 4:16 PM, Zzoro6110 said:

The Chinese giant it's a powerful country and its adherence to blockchain and cryptocurrency adds great strength

Yes, the proof is that Bitcoin is rising these days because of the Chinese leader's news when he urged his people to exploit blockchain technology

[bentayebsalah 2280]

On 10/28/2019 at 12:15 AM, Thekingcallme said:

Yes, the proof is that Bitcoin is rising these days because of the Chinese leader's news when he urged his people to exploit blockchain technology

Since China's support for cryptocurrencies has entered the market again
The market rebounded again and the price of bitcoin rose

[Thekingcallme 1975]

4 hours ago, bentayebsalah said:

Since China's support for cryptocurrencies has entered the market again
The market rebounded again and the price of bitcoin rose

I think that other countries will work in the same way and allow Bitcoin on their territory and allow their people to trade according to the conditions and laws

[bentayebsalah 2280]

21 hours ago, Thekingcallme said:

I think that other countries will work in the same way and allow Bitcoin on their territory and allow their people to trade according to the conditions and laws

But there are countries with very strict laws like Lithuania, UK and others
They are very strict on financial issues

[flomopeter 135]

I think your three reasons are part of the reason bitcoin price is up but there are more, the past month bitcoin has seen a lot interest so many adoption of bitcoin in south korea and Japan in these countries you can buy almost anything with bitcoin and the halving of miners reward is happening next year.

[Wrath 149]

These are good reason you have giving but the coming bull run have also gotten investors to start buying early before prices rise to high, this way they buy for low price and sell for higher price making them more money.

[ajizz 195]

I think that's wrong. Bitcoin has fallen in price today to $ 7850 I don't know exactly what made bitcoin prices go down so fast today. I hope that there will be members here who will explain why the price of bitcoin has fallen today, I am curious about this ...

[Akbor 1042]

Mainly I think when china notice that they are adopting btc then the price was going high. As btc is the king of the market so it may go high without any reason I think.

[Agios 1763]

I think, there is no relationship between the price of Bitcoin with China adopts blockchain technology, because in China there are still restrictions on the circulation of cryptocurrency. If Bitfinx may recover its frozen money of $ 850 million, this might affect the price if they buy Bitcoin.

[Crypto123 0]

Actually these are three very important reasons, and bitcoin really started to go up and reached 9300 $ for the first time in a long time, do not forget also the main reason for the rise is the approaching halfway, which only has a few months left.

[Atique 512]

Bitcoin is a medium of income that people of any country can use to earn. With this, people of any country can convert it into their country's currency. And many times its price goes up. Then they can earn more.

[kare 105]

On 12/28/2019 at 6:04 AM, Ipal said:

I think China doesn't support Blockchain, instead China bans cryptocurrency like Ethereum and bitcoin, I think it really makes bitcoin prices go down, if the US adopts bitcoin, it might increase.

You need to understand that when ever there is any positive news about Crypto currency or blockchain there will be some rise in bitcoin and other Crypto currency out there in the market.