Looks to me like the bull run is resuming like I figured it would. Bitcoin had its correction after getting to $12k or whatever the price was, but it was only a dip. The overall trend seems to be upward, and I kind of assumed that after that dip we wouldn't see bitcoin drop again--and it didn't.
I'm not sure there's any other 'why' here. It could be related to interest rates dropping. When that happens, prices of various investments tend to go up as more people start buying on margin....but who knows. There doesn't have to be a concrete explanation for every price movement. Obviously investors are buying up bitcoin again and that's good enough for me.
I'm not sure there's any other 'why' here. It could be related to interest rates dropping. When that happens, prices of various investments tend to go up as more people start buying on margin....but who knows. There doesn't have to be a concrete explanation for every price movement. Obviously investors are buying up bitcoin again and that's good enough for me.
I did think the upwards trend stayed true for the most part, but didn't July somewhat halt that in its tracks? Pretty sweet to see such rabid growth on the back of a lot og economic FUD. I actually thought it wasn't going to react at all when stocks took the plunge but Bitcoin remained inert.
I'm still not fully convinced this isn't just another leap designed to book yet more quick profits for those vultures watching sub 10k!