Bitcoin price gained $1,000 in less than an hour, Experts revealed the reason behind.

partyush

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Bitcoin experiences the biggest 1 hr volume in BTC history
Yesterday, the bitcoin price registered a huge gain of $1,000 in just an hour. From $6,800, the prices got up to $7,800 for the first time in about two weeks. The crypto enthusiasts are surely elated, hoping that this might signal the bullish trend in the crypto market.

Not just bitcoin, other cryptocurrencies including Ethereum, Ripple, Dash, and Litecoin also gained in double digits. Coming onto what caused this rise, experts believe there are several factors driving this rally.

Experts believe the surge has been the result of institutional investors with huge funds in their pockets. According to a senior market analyst, Mati Greenspan, this is what has happened and will continue to happen.
 
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MikeyMikey13

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Looks like an obvious pump, remember to pull out your profits time by time.
Then entire thing is inflated anyway - when people thought this fake coin was worth 20k :D:D:D man I made money off those suckers - now people are holding at 7k like they are going to make a mil...
 

Jenxkz

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Shorts were at the all time high. Big players just pumped the price to liquidate them all
 

Bigstar20

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Shorts were at the all time high. Big players just pumped the price to liquidate them all

This is what happened... just price manipulation/choppy action that will keep happening to f*ck over traders and frustrate people. Nothing to see here :)
 

Chimmy1990

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I never believed bitcoin was a scam. But after this spike, I'm a believer. It's all about setting a sucker to catch a sucker.
 

EKIMONKZ

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Its expected since lot in the community waiting that price level buy order plus the pump if have.
 

Blakereed

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Who are the experts and who gets to say that they are? LOL
 

subster

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Such BS, institutionals never announce their actions before as it would make no sense to drive the price up first.
It was a domino effect, due to the massive increase in leveraged trading cryptos. Shorts got liquidated en masse.
 

Neoprox

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bitcoin is hitting $60.000 by the end of 2018
 

jazzc

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