Yesterday's vertical growth of bitcoin over an hour of more than $ 1000 from $ 6,900 to $ 8,000 was the main event in the last year's crypto currency market. On Friday, the benchmark Crypto currency continues to add to the price, demonstrating an increase of 18% over the past 24 hours. The leading altcoyins also increased by 13-15%.

There are no fundamental reasons for the sharp growth in the market of crypto currency. The general nature of the dynamics is speculative. The most likely cause of sharp growth was the sharp closing of short positions for BTC. According to the Bitmex exchange, the volume of applications for the purchase of BTC has grown to $ 50 million, which indicates the appearance of significant trading volumes in the market.

Recently, bitcoin faced serious difficulties in overcoming $ 7,500 and was trapped in a rather narrow range of $ 6,500-6,900. It is likely that it has become a psychological level for participants who did not allow the currency to grow for no apparent reason or to fall lower.

In the community believe that the reasons for growth were created artificially by large-scale capital, which entered the market, calling growth "pampas Soros." If they are right, then this situation can create grounds for manipulating the market.

At the time of the first waves of the current phase, the correction in the community was expected that the pumping would occur this spring. Now, the shoots of a possible rally are really beginning to appear on the market.