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Board Press
Re: [2018-04-15]Bitcoin Price has Risen After its Recognition to the Norms of Islami
by
CryptoBry
on 18/04/2018, 07:51:43 UTC
People always look for some recent positive events when they try to explain why Bitcoin has recently increased in price, but it just doesn't work like that - the fact that in other cases similar events don't affect the price shows that the correlation is very weak or non-existent and this is just a coincidence. The real reason why Bitcoin is growing in price is because it's technology is working, it's stable and reliable, yet at the same time it continues to improve.

I believe on the same thing. It would be easy to ascribe anything to something that recently transpired though I believe that not a single factor pushed the value of Bitcoin higher. This has been the type of a movement in Bitcoin that we have also seen last year. In fact, there were times when Bitcoin rose and also dipped for no reason at all. This time around, I guess that the market has already realized that it is about time to make some rebounds.