Hi guys, im looking information on internet but i cant find nothig about why the BTC it's going up so fast to 8.6K.
Somebody have news about this.
Thanks
No one can tell you the real reason behind why the price of bitcoin is going up. I've been asking also before on how some dead coins are pumping but I'll give you an hint on this thing, the price are increasing for bitcoin is because there are a lot of people that are keeping it alive and keeps on buying. In other words, it's demand is greatly extending and keeps on growing so the result is like that.
I agree, bitcoin is really unpredictable and you couldn't really conclude whats behind over that. But if we have to pinpoint with our speculations or insights, well I can say that its due to the uprising demand of digital currency investments amd with people's contributions worldwide. Nowadays its becoming a well known currency and people were very agressive to become part of bitcoin community.
Because just recently get in to $9,112 as of the moment and the price gets higher and higher. The demand of bitcoin is really increasing and this is the reason why the price is also increasing that's the effect of bitcoin getting on the mainstream. Mainstream news are covering and giving people an idea on what bitcoin is by putting it to their flash screens together with the price.