Bitcoin Surges Above $87,000 In Sudden Move — Here’s The Catalyst
The Bitcoin price spiked to $87,400 on April 21, its highest level since March 29. The intraday rally added more than $3,000 to the asset in less than 24 hours, erasing a substantial portion of April’s drawdown. While the single‑day appreciation of about 4% is not unprecedented for the notoriously volatile asset, the backdrop that accompanied Monday’s advance has market participants treating the move with extra significance. Why Is Bitcoin Up Today? The most immediate macro‑economic thread was the sell‑off in the US dollar after National Economic Council Director Kevin Hassett told....
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Ethereum has had a turbulent week as the price has shot up over the 0.006 BTC per Ether on strong volume pushing 35,000 BTC in a 24 hr period – twice. This has led to some quarters naming the price move as pump and dump, but is there something more fundamental taking place? News flow has always been the catalyst behind the bitcoin price surges and plunges – and Ethereum is and will be no exception to this rule. Although there hasn’t been huge news generated to spur on this price hike – so where is the price push coming from that managed to push Ethereum into the second spot in term of....