How Bitcoin Price Hits to Higher Level
Earlier today, on April 16, the Bitcoin price briefly remained above the $8,450 mark after recording a massive buy volume across major crypto-currency exchanges.
What is the cause of Independent Movements of Bitcoin?
Throughout 2018, the vast majority of cryptocurrencies have followed the price trend of Bitcoin amidst periods of extreme volatility.
Recently, traders and investors have become more ambitious and confident in their calls, and have started to acquire smaller cap cryptocurrencies as well as other major cryptocurrencies outside of Bitcoin and Ethereum.
The independent movement of cryptocurrencies and the unwillingness of traders to match the price trend of Bitcoin indicate stability in the market, and demonstrate that the market is beginning to recover.
What was Bitcoin Trend in last few days?
Last week, the Bitcoin price spiked from $6,900 to $8,000 within a 30-minute period. Traders feared an immediate correction to occur, as a massive buy volume was recorded abruptly that was unexpected to most. However, contrary to the predictions of analysts, the Bitcoin price remained strong for many days ahead, and eventually rose to $8,450. Within 7 days, the price of Bitcoin went from $6,900 to $8,450.