Post
Topic
Board Speculation
Re: Why Bitcoin is soaring?
by
MLBBPLG
on 30/05/2018, 10:14:18 UTC
Along with the launch of Cboe, a number of major US banks such as JPMorgan CHASE and Citigroup did not immediately stop bitcoin trading for clients who want to transact in futures trading.

As bitcoin slumps, other virtal currencies move. Like Ethereum who occupies the second position, he rose 8%. Based on Coinmarketcap, this week bitcoin recorded a high price increase. Even more than 15-fold, this increase triggered market fears bubble will occur.

Market analysts at London-based Forex.com have pointed out that with such price rises going on, market participants have a tendency to keep up with their money movements.

"So when bitcoin values ​​rise per day, thousands of dollars, there will be speculators in a hurry to buy this virtual currency,