Bitcoin hit $8,000 again. What's behind the rise

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Bitcoin just surged past $8,000, hitting its highest mark since last July. It tapered off slightly by mid-afternoon, but is still trading at its highest level in nearly a year. What's going on?

What's going on?Bullish experts say the strong showing could signal that bitcoin has a future as a worthy investment opportunity. But the currency's volatile and controversial history has prompted plenty of skepticism. Bitcoin has typically been regarded as risky, said Dan Held, co-founder of Interchange, a company that advises businesses on how to manage their crypto assets.

ignores the specific mechanics of this marketplace," said John Griffin, a finance professor at the University of Texas at Austin and one half of the duo that penned the paper on price manipulation last year. "It would not be a stretch nor surprising to find that manipulative activity is behind the recent runup when the underlying market mechanics are similar to before," Griffin added.Griffin isn't the only one with that suspicion.

 

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What is going on? Some very wealthy people dropped millions of USD on it. Is it hard to understand?

I think that firstmove with jchatterleyCNN on cnni should make a segment on altcoins because they are surging highly as well. Could be a great if you dug into the whole cryptomarket a bit more. Keep up the great work! 👍🧡📈

xrp_news XRPtheSTANDARD 🚀🌐🥇

This article provides no real insight.

It's called market cycle, bull runs come after bear runs. Mind blowing I know.

And... Why Don't you know that the World of the Finance has been Controlled by the Gangster's! Hahaha

distributedmind You telling me your trusting CNN lmao......

Well... if you really want to know, the fall is behind the rise. The fall is always behind the rise. The rise goes up, then it stops, maybe steadies or vibrates, etc.; but then it falls. Sometimes it falls a little and sometimes it plows itself into hell. Regardless, it's a graph

Spread it $btc $xlm $xrp $bnb

CNN caught the virus 🦠

xrp_news It’s called fear of missing out. Especially when the media, social platforms and just about 99% of people here that don’t analyze a market by its fundamentals or technicals, see a mere % and imagine they can become millionaires by night. The reality is many will be left stunned.

Ripple/XRP is the future, think Betamax versus VHS, Blockbuster versus Netflix, Bitcoin versus XRP, BTC was the first but will not be the last or the standard

xrp_news FOMO IS HERE DOUBLEUP

Tariffs

'$8,000'? Per what, coin? What is it compared to the dollar? Ya know, like every other currency in the world.😒 Is it like stocks? 8K/share? Come on, not everybody cares enough about 💩 like this to know/ research. How 'bout some context? 😒😴 CryptoFutureSee

Send Bitcoin to my address, any amount. I’m testing my address. Send Bitcoin only.

More buyers than sellers. Truly a crazy concept.

It CASINO MANY STATES! How is build casinos from Trump ?

Is going up strongly but from a technical point of view, it seems that is building a bullish trap. Once we have another move up to the 8500 - 9000 area big guys could start taking profits and there we will know the truth.

'What's going on ? ' (Exaclty your wordwhen you discover that Trump won the election). Bitcoin is there ; More powerful than anything , including CNN !

Some folk apparently think the economies of the world are going to tank.....I wonder why realDonaldTrump ?

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Bitcoin Surges Above $8,000; Investors Say ‘Crypto Winter’ Is OverThe price of bitcoin has rocketed in recent days, even as major financial markets have faltered due to escalating trade tensions. 🤔 Hello, yet another bubble. IMO Bitcoin is a fraud and I woudnt be surprised if the actual market was rigged, it doesnt take much volume or criminal money to keep it buoyant and any large sell will drop it like a rock:
Source: WSJ - 🏆 98. / 63 Read more »

Bitcoin cracks $8,000, now up 120% year-to-dateBitcoin prices continued to march higher on Tuesday, trading through $8,000 for the first time in more than nine months.
Source: MarketWatch - 🏆 3. / 97 Read more »