Hey guys, I hadn't checked prices for a while and I did so today and noticed that everything is skyrocketing. Obviously this is because BTC is moving up but do we have any idea why things started moving up all of a sudden?
like always bitcoin price went up and then with some delay the altcoins which have been following it down could get a breath of air and get pumped following bitcoin's footsteps. the start was with bitcoin but the reason is not clear, there are a lot of guesses but my analysis is that it was some sort of TA effect where people were saying it should rise if it breaks $6900-$7000 and since it did they all followed it by buying bitcoin so price shoot up.