Bitcoin prices rose sharply today, climbing past $7,000 and rising to their highest since June as strong momentum drove gains.
The digital currency's price hit $7,440.25 on the CoinDesk Bitcoin Price Index (BPI), up 11.7% gain from the daily low of $6,663.03.
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Bitcoin surge: multiple factors contributing to the rally?What factors make Bitcoin rise again? Will it continue to rise?
One of them is the news media. The rise of news about the bitcoin ETF in various media has been trusted can provide a drastic change in the price of bitcoin. It's not surprising that finally triggered the emergence of various assumptions among investors and market makers seemed to be sitting in their hands because some goals continued to emerge as the next bitcoin destination. In the end the money stopped at the SEC table while the market remained in critical anticipation.