This is the reason Bitcoin Up 23 Percent This Week?
Bitcoin (BTC) has experienced a bullish trend in the past few days, rising 23 percent from Rp 135 million to Rp 168 million.
BTC has recorded the highest level of Rp 199 million in June 2019 according to Indodax. Despite growing fears of a global recession and worsening China-US trade war, Bitcoin shows no signs of fatigue today. However, there may be support for the recent 23% increase in Bitcoin.
At the time of the press, the price of Bitcoin was at Rp 164,888, oo0, up 2.3 percent according to Indodax.
Several factors may be responsible for the recent upward movement of gold coins, in addition to Tether's expansion on several blockchain, sociopolitical tensions around the world may have contributed to the Bulls Bitcoin rally. Tether supports Bitcoin because of its migration to blockchain such as EOS, Liquid, and Tron which creates concern in the crypto space.
Over the weekend, two mass shootings took place in the US. 20 people were reported killed in the first attack that occurred in El Paso, Texas. Another shooting in Dayton, Ohio killed 9 people. Both incidents have triggered racism in this country. However, this may also have facilitated the surge in Bitcoin due to state instability.
The current political crisis in Hong Kong (HK) encourages investment abroad. As a result, the country's stock market has recorded the worst performance for several months. A violent mass demonstration in HK has led to the cancellation of foreign and domestic flights.
@azirgraff, You have skills to write such stuff. Try using santiment data and analyze other assets too with that data. It will be helpful to run our campaign for santiment.
Thank's, right now I haven't done it, because I'm studying through about Santiment.
@azirgraff, In my opinion due to the Decentralised and Transperant aspects we are not seeing any influence on Bitcoin due to the worldly events.
Posted using Partiko Android
That's my point of view based on an analysis of the development of the world economy. Even some experts have talked about it, but that is not a problem, just a consideration from point view of each us. 😊😊
Keep up the good work and have a great time ahead.
Posted using Partiko Android
Today's uncertain market movements and prices, for all officially traded coins, will provide many people with a lot of understanding and analysis of various aspects.
Congratulations @azirgraff! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPVote for @Steemitboard as a witness to get one more award and increased upvotes!