After nearly a week of sideways movement, the Bitcoin price has displayed strength as it surged nearly 8% in the past 24 hours, smashing the $60,000 psychological level. But some questions still remain: 'Why is Bitcoin rallying today?' 'Is the crash over?' 'Has the bull run restarted?' In this article, let's address these questions.
https://thedailysats.com/why-is-bitcoin-rallying-today/
35 thoughts on “Why is Bitcoin rallying today?”
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Because Trump will win the election.
Damn a lot of downvotes, for clarification: I don’t like Trump but the assasination thing makes him more popular. Trump is pro crypto.
Germany stopt selling.
God himself is pumping up bitcoin like he slapped trumps head out of the way.
Trump
Tentative interest rate cuts and Germany running out do BTC to sell
Trump stated he is for crypto. He had a dramatic event yesterday with many supporters routing for him now. This has been applied to the market.
Because crypto
Trump failed assassination
The CEO of Bitcoin announced some big news. /s
It obviously trump will win look at the odds.
I can’t see why his even allowed to be a candidate for the election after what he did last time he was president.
Bitcoin isn’t pumping that much it’s only up by 4 . 7 % so I do not know were you got 8 % from .
Short sellers being trapped followed by Fed Dm speech which will dump the market
Germany stopped selling combined with pro bitcoin trumps odds of becoming president rising plus a better than expected cpi
It’s a fake pump.
It’s a strategy to draw liquidity from market
I don´t see a relevant volume strength (is going up, but with volume below average), seems to be a rally with not too much gas oil on the tank, let´s see this monday
Trump basically won the election. That’s why.
Trump failed assassination = he will presidency + trump being pro crypto (today anyway) = BTC go up
German sold all bitcoin. Ethereum ETF approval this week.
Rate cut is all but guaranteed in September cuz of recent cool down. Inflows to rhe ETFs are positive again bitcoin is both a 401k like asset in that people plan to hold, but also a risk asset for retail voters. I think the assassination attempt has btc pumping because it seemingly guarantees a trump victory in some peoples opinion. And that’s good for crypto i so they think, or for the opposite point it’s bad for the dollar and its purchasing power and therefore a hedge. 🤷🏼♂️ some combination or l factor of all of these reasons or nothing
I sold.
Because i DCA biweekly on the 1st and 15th.
No, its dead cat effect
Latest positive inflation data in the US has most predicting an interest rate cut in September. The positive news has seen stocks rise and BTC with it.
The recent rise started before the assasination attempt though accelerated after (as markets opened after the weekend).
I’m not sure how many people really believe Trump will be pro-crypto when he wasn’t first time round so I’m kind of sceptical about that narrative.
It’s literally because of the assassination attempt on Trump lol.
What crash? Lol
Political instability could be one of the major market movers this week.
No one knows.
It’s cuz miner capitulation is at a low.
Bitcoin off exchanges is at a high.
We had halving a few months ago
Happens every cycle and I’m so excited 😆
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I don’t understand it myself, he literally will say anything ,he lied on average every 15 seconds at the debate. Like what is he specifically going to do that bitcoin already doesn’t do ?
😄 frankly no one knows
Why is the inherently worthless, purely speculative price of an intangible and easily replaceable currency moving in some irrational manner today?
Just saying love him or hate him. Vote for Trump if you want higher Crypto prices.
If u hate him that much don’t vote him and don’t whine when democrats try to shut Crypt down.
Stable coins have been declared a none security, China to allow crypto, rate cut forecast, Russia to bring crypto into there banking system. Trump to become president. Things are looking up.
Probably because Trump is pro crypto and he survived almost a certain death. Or maybe it is because of the Btcfi features that zetablockchain interoperability has helped unblock… Or maybe traders are feeling bullish on the apex coin.
Because LARRY FINK was talking about bitcoin and CEO of Dell reposting his interview on TWITTER!!!