Why is crpto going up today?

[Michaellee]

The value of majorly all coins are seriously growing. Lots of investor are puring there money in it because they know that digital currency is the future of currency world wide. No matter how CBN what to ban the use you cryptocurrency, it will still take over. It is unique basically because it is decentralized.

 

[Samuel77]

According to my on point of view cryptocurrency is very good business to invest in and people are getting conscious of this business everyday and right now many people want to invest in this business this is how it affects the price in the market

 

[Shahzaib37]

Crpto is going up today as now everyone knows it's importance. The currency which started giving out free now rising to it's peak value. Alot of big investors have invested in it. A time will come in near future when we will have only this type of virtual currency, other than being real or digital currency in our hands. Adoption as a Means of Payment. Another reason for Bitcoin's price appreciation is its growing adoption as a payment method. Recently, PayPal announced that it would soon allow its users and merchants to buy, sell, hold, and accept Bitcoin and other cryptocurrencies as a form of payment. These all factors comprise and give boost to crptocurency. Now big exchanger and big companies have allow to sell and buy things using crptocurency. All these combine and then they give a absolute rise fall in the prices of the crptocurency.

I think people take interest on it and start mine it also people start investing on it for more rate everyone wants to by some parts of bitcoin and have bitcoin by this they can earn big amount of money in reward.

 

[Abdul Naveed]

Supply and demand is a huge factor that determines the price of anything that can be traded, including all the digital currencies on the market. For example, if more people are trying to buy bitcoins, while others are willing to sell them, the price will increase accordingly.

 

[Ehizzy1]

I think its because of the Inflow of new investors and many big companies supporting the project i think and this has really impacted the price of crypto currency , since more investors are now considering investing in cryptocurrency i think , i just hope crypto continues to increaae

 

[Yaqoob Habib]

Yes that is true tho, the crypto market has been rising cause of people are beginning to know its worth now, secondly i think Elon musk has a lot to do with this has he purchased a very high amount of bit coin recently worth more than a billion dollars this has really shifted the crypto market to another level

Cryptocurrencies gain their value based on the scale of community involvement, Another reason for cryptocurrency price appreciation is it's growing adoption as a payment method.recently , paypal announced that it would soon allow it's user and merchants to buy,sell,hold,and accept bitcoin and other cryptocurrencies as a form of payment.

 

[Nurudeen]

The major reason why crypto currency is going up is very simple. The market is affected by the law of demand and supply. If there is too much of demand In a commodity,the price will definitely go up and that's what is making the price of the coin to rise at the moment

 

[Tundeoguns1]

Concerning why crypto currency coin is going up today. The cryptocurreny has been known to be volatile currency right from it existence but it massive rising day by day especially the leading coin like bitcoin, ethereum and the likes is really something to watch out for. I think the involvement of influential people like Elon Musk and other bif companies investing into it has made it keep rising

 

[Jlife]

the price of cryptocurrency is completely unpredictable and as a result for we will not be able to give accurate reason while the price of cryptocurrency is going up today but I think the price of cryptocurrency is affected by the law of demand and supply , if you can understand this law will not have any single penny to lose.

 

[Shivay]

I think that since the price increased so much last year so it attracted many public and they started tradinv in it. Actually , i was also attracted my the bitcoin price and stepped into the cryptocurrencies world.

 

[Blessedsam60]

Thanks for the notice. The surge and rise in value of crytocurrency is caused by the market fluctuations. It might increases today and tomorrow falls in value. But still yet incomparable with the Fiat currency.

 

[gbadebo9]

Crypto going up today as result of involvement of Tesla who bought $1.5b worth of bitcoin yesterday. It shows that ppl are now embraced it world wide. Some country also is accepted it as part of their legal tender. Since bitcoin is moving skyrocketed ppl ate now involving in buying and selling it which contributed to the increase in its worth.crypto is now popular in universe ad means of exchange.

 

[Kelly5]

The Bitcoin cryptocurrency has always been the deal and attention in and amongst the cryptocurrencies. The Bitcoin behaves this way, and other cryptocurrencies follow suit. It behaves that way and others too follow. The Bitcoin really rules

 

[Ltherman]

The cryptomarket is in an uptrend and so the market will remain bullish as funds are still flowing in. People are also scared of loosing out on whats happening in the market and this keeps the funds coming in.
Also there is no way bitcoin will make a major surge that other coins won't follow suit.

 

[Royalty]

Adoption as a means of payment. Another reason for Bitcoin's price appreciation is its growing adoption as a payment method.
Recently, PayPal (PYPL) announced that it would soon allow its users and merchants to buy, sell, hold, and accept Bitcoin and otther
cryptocurrencies as a form of payment.

 

[WhiteHouse]

The craze for crytpocurrencies especially Bitcoin is very high these days, we all know Cryptocurrencies is controlled by demand and supply, and these days demand for crytpocurrencies especially Bitcoin is very high.

 

[Olubayo12]

Crpto is going up today as now everyone knows it's importance. The currency which started giving out free now rising to it's peak value. Alot of big investors have invested in it. A time will come in near future when we will have only this type of virtual currency, other than being real or digital currency in our hands. Adoption as a Means of Payment. Another reason for Bitcoin's price appreciation is its growing adoption as a payment method. Recently, PayPal announced that it would soon allow its users and merchants to buy, sell, hold, and accept Bitcoin and other cryptocurrencies as a form of payment. These all factors comprise and give boost to crptocurency. Now big exchanger and big companies have allow to sell and buy things using crptocurency. All these combine and then they give a absolute rise fall in the prices of the crptocurency.

I do not know what this question is intended to mean... is today the first time Cryptocurrency price is going up? in fact, it has been going up any time the price is affected by the interplay of demand and supoly
as more people continue to show interest in Cryptocurrency, automatically the price will continue to rise and rise.

 

[Donkiz]

Bitcoin price is appreciating as a result of big financial players entering the business. Those guys have been able to buy part of the tradable bitcoins in circulation recently, thereby reducing the number of tradable bitcoins which in turn makes the price to appreciate. That's the main reason for the price increase, a reversal of this will make the price to depreciate.

 

[Shumzy]

The value is going up today because a lot of people are beginning to accept it as a means of transaction compared to years back

 

[iamgroot]

I notice that the movement of most coins depends on their older brother (which is bitcoin). There is an increase today because it is not hidden from us that bitcoin pumping has been solid in recent days until now.