Why do Cryptocurrencies rise by more than 25% over the past few days?
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  1. #1

    Why do Cryptocurrencies rise by more than 25% over the past few days?

    Why do Cryptocurrencies rise by more than 25% over the past few days?


    Cryptocurrencies have risen dramatically over the past few days starting in April. Where the Bitcoin climbed by more than 25% to pass the 5000 $ Why does this rise?

    Unfortunately there is no concrete and obvious reason but there are several news that is believed to be the main reason for this rise and this news is

    1-First News:-20000 Bitcoin was purchased in the amount of $100 million through the Bitcoin, Bitstamp and Kraken.


    -Second news:-Increase activity in the Bitcoin portfolios.

    As was known, more than 50% of the Bitcoin portfolios were inactive for more than 6 months, but the Bitcoin portfolios increased and the percentage of inactive portfolios reached 10%.


    3-The third news:-The entry of the renowned trading expert Warren Buffett to the Cryptocurrencies trading market and has been made sure that this is false news.

    4-The fourth news:-The news of the approval of the United States markets and Commodities authority to sell the ETF trader in Bitcoin and also made sure that this news is not correct.

  2. #2
    Banned
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    I actually believe, that of warren, but there was also a sentiment that crypto currecies are here to stay and would be very crucial in the near future , its a tough choice but we have accepted it, cryptocurrencies price move because of the demand, the demand for bitcoin would actually drive the prices either up or down, but to some extent the same price has been driven by sentiments of decreased dependency on the currency , bit coin prices fell from 17000$ usd, because most people thought it was time to exit the market and cashout, that made the crypto depreciate drastically.

  3. #3
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    Nobody can predict the market and say that it will rise or fall. The same is with crypto currencies and we do not know if they will continue to rise or they will fall in the future. There are many explanations after event and big rise or fall. We can read them in any newspaper but nobody will give 100 percent guarantee that crypto currencies will rise or fall.

  4. #4
    Every forex trader may think of achieving some definite income from currency exchange. But with the progression of financial markets many innovative investment sectors have been developed where foreign currency exchange traders can make investment. For example: innovation of various crypto currencies. Today traders can make investment in various crypto currencies as these digital securities are experiencing significant rise in values and traders are earning goof profit from the digital currency trading.

  5. #5
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    Quote Originally Posted by Giedra View Post
    Nobody can predict the market and say that it will rise or fall. The same is with crypto currencies and we do not know if they will continue to rise or they will fall in the future. There are many explanations after event and big rise or fall. We can read them in any newspaper but nobody will give 100 percent guarantee that crypto currencies will rise or fall.
    Traders can predict the direction of the market with reasonable accuracy, like 60% to 80% accuracy. In cryptocurrencies, it is technical analysis works better than fundamental analysis because since Cryptocurrencies is not controlled by anybody, then there is no real fundamental data that will be released.

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