The price of Bitcoin jumped massively about an hour ago and is largely holding those gains propelling it above the moving averages that signalled a bearish market. It's not possible to assert what caused the jump, but given the magnitude, it was likely triggered by a large purchase that then triggered subsidiary buying. Does anyone have thoughts on the cause?
Given that we've been in a long (for bitcoin) bearish run with many of the weak hand shaken out of the market, could this be the start of the correction or is it a bull trap?
Of course this is all rather pedestrian for Steem up at time of writing 29% in the last 24 hours.
The sharp pump occurred due to the signing of the document on cooperation in the field of blockchain technology by 22 EU States.
Good spot. That's probably the cause, but I guess there are a lot of things contributing. Lots of positive news, although in fairness there has been lots of positive news for weeks with minimal price impact.
Its actually good for steemit, usually most currencies are linked with BTC due to exchanges, when BTC booms, we receive nice rewards for our posts!!
wow, does this rise also affect the steemians,
I resteem the information, ok
Yes, looks like Steem is up nearly 3x as much as BTC. Although historically Steem has been a bit more volatile than BTC. I.e. when BTC goes up Steem often goes up more, but when BTC goes down Steem often goes down more. Hopefully you've been keeping your Steem and not selling it...
thanks information, my stem is still a little.
My friend, I would like to add more my Steem, but there is no secret formula, and less for a Spanish speaker. It is always good to see your publications.
How about Ireland? Here in Venezuela, the communists still refuse to leave power. the situation is becoming more acute.
Amigo mio, quisiera aunmetar mas mis steem, pero no hay una formula secreta, y menos para un hispanohablante. siempre es bueno ver tus publicaciones.
que tal irlanda? aqui en Venezuela, los comunstas aun se niegan a dejar el poder. la situacion es cada vez mas aguda.
What ever happened there that is amazing can't even imagine right now how that happened :D crypto is full of unexpectations : )
Well do not really know the reason but I am loving the rise ;)
bitcoin top level
Prices soaring in the last 24 hours, positively affecting market investment and safe investments will continue to grow with profitable markets as well.
Well do not really know the reason but I am loving the rise ;)
This post has received a 5.04 % upvote from @booster thanks to: @maxbullion.
hopefully this is not a trap friends, pray for steem also go up high 😊👍
thank you for sharing this useful information @maxbullion
@maxbullion how are you .., why not make a post again ..., you're fine right. 13 days you did not create a new post. I hope you are fine.
greetings from me @muftii
Bitcoin Price ,Thank you very much for the valuable information you have given.good days 😃
friends ..., where are you .., why do not appear-popping .., no posts, what are you healthy, right? if you do not play steemit for a while, lend me your SP, after you come back I love you again. thank you
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