Quote from: Kittygalore on August 07, 2021, 06:17:11 PM

This is just another proof that cryptocurrencies are so volatile that in a week things can change really fast, from green to red and from red to green. This is the best thing for cryptocurrencies, the uncertainty of the market makes for a good way for every person to catch up when the prices are just so high.

It is true that the market is volatile but a the same time this does not mean that it is completely unpredictable, we have been saying for a time that something like this was coming and those that were bearish did not believe it and instead were shorting the market, I really think this is move did not only came from a renewed interest from investors, I really think that this could be in part because many of those that were shorting the markets were on their last leg and as soon as they got a margin call this created a domino effect that allowed bitcoin to grow really fast.