Why is crpto going up today?

[Adeyoola7]

Bitcoin's price increase can also be attributed to its stock-to-flow ratio and deflation. Should Bitcoin continue on this trajectory as it has in the past, investors are looking at significant upside in both the near and long-term future.

 

[Nathaniel]

If Bitcoin were to break through that resistance in June it would have likely triggered a bull market. Unfortunately, for Bitcoin bulls, it failed to do so and cascaded down to a low point of nearly $3,800.


In October, Bitcoin retested this resistance point only to fall back down. On November 4th, Bitcoin pushed straight through $14,000 and continued higher. This is significant because Bitcoin's next resistance point is its previous all-time high of $20,000.

 

[Irfanali]

Another reason for the value of the bitcoin is its increasing adoption as a payment method. Recently, PayPal (PYPL) announced that it would soon allow its customers and merchants to buy, sell, hold and accept bitcoins and other cryptocurrencies as payment. The news immediately raised the price of the bitcoin.

 

[asrar1121]

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.

Crypto is going up due to huge investment of tesla company in bitcoin.
Is the main reason of high crypto nowadays
Btc has touched its highest value of history

 

[redpogi16]

In brief. Bitcoin's price has been increasing for months, and there are several reasons behind the surge. High-profile figures and companies have expressed strong support for Bitcoin. Other reasons include the Bitcoin halving, which has had an indirect impact on Bitcoin'sprice. 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.

 

[Bookwormlux]

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.

Knowing and accepting the fact that crypto currencies do not have a static price is what you have to do. That it is rising today does not mean there is anything special, it is still going to drop the same way it's rising. Supply and demand is a factor too

 

[Sake]

Because whales are actively buying cryptocurrencies and while doing so , the news about them are going to be monitored by other small investors which will result in a higher demand. Which will result again in the price hike. The more attention a coin is getting the more investors thus the higher the price.

 

[Ralphjoe]

Cryptocurrencies are getting more attention and publicity from the media, be it social media or traditional media. The recent promotion of Bitcoin and Dogecoin by Elon musk, who happens to be the richest man in the world is another contributing factor to the increment in the investment in cryptocurrencies.

 

[Dowenship]

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.

Truly lots of investors as invested in crypto currency which is part of the reason why the price was pumped to that level of increase. but it seems the latest statement released from US as deepened the price and its depreciating.

 

[Mawome]

The reason is not far fetched, it's just because the world is rushing them I mean they buying the coins on daily basis especially Bitcoin, people like Elon musk are busy buying Bitcoin, that's is why the coin is rapidly appreciating it's gaining approval every where in the world.

 

[Erik4150]

Crypto has been going up but you can't ignore the fact that it has taken a little dip last week. But there are still some great altcoins that are doing really well.

 

[Adebola]

Its normal for the prices of the coins to be fluctuating. This is as a result of increase in the demand of coins or when people pull out there money from crypro

 

[Cash%]

The value of crypto currency is moving very high considering the fact that many investors are now entering the market and remember there was a bearish run before

 

[Richard92]

Cryptocurrency is going up there because of the economy because the economy determine the rate of the currency whether going up or going down.

 

[Nomad]

In the last 2 days, various crypto currencies are really going up including bitcoin and ethereum. This growth is base don the news that Amzon is willing to use bitcoin payment.

 

[greenie]

Manipulation is a thing i hate honestly. this is not a business kn waiting and getting paid on a lie !!! rather applying knowledge and getting profit on a up dosn manner is good rather than prediction and sins. Crypto is up but more up by Ellon mask stuffs that is pure manipulation.

 

[HayKay]

Well the volatility of cryptocurrency is very high because of the fact that there's a lot of buying and selling all the time but investors and this is because of the high profitability of the coins and everyone wants a piece of it.

 

[Sotherefore]

Currently we are in a very serious bearish market. The price of all cryptocurrency are completely down which indicate that more buyers will be needed to return back the price of bitcoins and other cryptocurrency to its original price. An increase in cryptocurrency could be because of a particular event or needs around the world.

 

[GIFTMICHAEL]

The price of bitcoins is down and is trading below 20,000 dollars. We are in a bearish season and from all indication it might take a long time for all cryptocurrencies to recoverd completely.

 

[Laurentta]

I feel another reason the prices of crypto currencies are going up is due to the high level of demand. People are now seeing the value of crypto currencies and almost everyone wants to invest in it.