Why is Bitcoin rising? 70 thousand dollars can be exceeded at any time
After Donald Trump's interesting speech over the weekend, Bitcoin also started Monday strongly. While the biggest cryptocurrency is rising to $69,950, it seems only a matter of time before 70 thousand dollars are exceeded. Bitcoin was finally at the level of 70 thousand dollars on June 10.
At the beginning of July, Mt. Bitcoin, which fell up to 53 thousand dollars due to the effect of Gox and German government sales, but later rose again, was almost close to going above 70 thousand dollars. The biggest cryptocurrency, if it exceeds this level ($70 thousand), will have reached this price for the first time since June 10.
The Trump influence moved up...
In the recent rise of Bitcoin, Donald Trump's statements and even the armed assassination
he suffered may be effective. Bitcoin, which fell sharply at the beginning of June, continued this decline in July and saw 53 thousand dollars, was on the rise just after Trump's armed attack on July 13. Bitcoin, which opened the day of July 13 at the level of 57,800 dollars, closed the day above 59 thousand dollars. The price rose sharply in a few days and rose to the level of 65 thousand dollars on July 15.
Just in those days, it was announced that Trump would give a speech at the Bitcoin Conference. The dominance in Bitcoin, which made a rally with Trump, also rose to over 56%.
Trump's commitment to strategic reserves at the conference again brought a significant rise in price on Saturday evening.
Fed expectation...
One of the most important periods expecte by traditional financial markets, such as cryptocurrency markets, is the Fed's FOMC meeting in September... The expectation at