Post
Topic
Board Economics
Re: What is behind the past few days of rally?
by
ene1980
on 06/08/2019, 10:18:56 UTC
It is all green candles. Up up up. Why? Is there any news to shed some light on this? The price will probably fall fast now. I think this green streak is not going to last for long.
As per the forbes article the trade war between US and China is the reason for the price of bitcoin to rise, i am not sure how accurate that is but with every market movement some article comes up with a reason for the price increase and there is no way to know whether those articles are true or just another speculation just to satisfy the readers Cheesy. One thing is certain that the US has implemented strict regulations on Chinese products and Yuan value have gone down against the US dollar.