Quote from: Aanuoluwatofunmi on Today at 06:47:12 PM

Quote from: Obi-Ejike Banito on July 16, 2024, 08:12:22 PM

Bitcoin has suddenly springed in the last couple of hours breaking the 65,000$ Mark. This was observed to happen immediately after the attack on Donald trump, the Presidential candidate of the United States of America.
Without drawing much attention, could it be because he is fully in support of cryptocurrency?. I would like to hear others opinions.

I still don't understand the reason for this or maybe it was a planned work or not, but for him to be attacked and then the whales moving funds from one address to another as well as the sale of Germany bitcoin holdings all have been what many were saying as reasons behind the rise and fall of the present market, though things like this could have a significant influence towards the market but still yet, we have to see it also as a means through which we may say that it was not it at all.

Whether there are sentiments that do happen or events that did really occur on the moment that Bitcoins price is rising then it cant really be that so shocking that people would really be finding up things on which
they could really be able to attached on. on which on the time that it did make out some surge after that Trump incident or happening then you cant really be able to stop people on having those kind of thoughts
that there's a relation about into that situation into the current price movement on which we know that there's no assurance that it will really be that 100% reason on why this market did make out some movement.

We can make those assumptions all we want but totally there's no way to prove out that this was actually the main reason because we know that this market could movement without having sentiments around.
Whether it did really have connection or not then there's no way that we could really be able to know out. If you are someone who had been able to buyback when it did make out such dip then
you are definitely making profits as of this moment.