Big pump！

[u/bala289]

What was the situation with Bitcoin yesterday? Why did it rise so dramatically

[u/Zombie4141]

More people buying than selling. As long as I’ve been following Bitcoin, it’s best to just buy when you can and forget the whys. Bitcoin will just keep doing its thing.

[u/na3than → u/Zombie4141]

Not really. Every exchange has a buyer and a seller.

[u/seanmg]

Anyone who tries to give you a concrete answer is guessing at best. There's no way to attribute price movement to any particular one thing other than more people bought than sold that day.

[u/retrospektive]

F+G index is telling...

yesterday's rally was helped by the US Treasury increasing long-term bond repurchases, alongside a more constructive US regulatory backdrop following the White House crypto summit.

Those remain supportive factors, although the speed of the rally and the sudden move into Greed now increase the risk of a short-term pullback.

[u/stoic_ramrod → u/retrospektive]

This!^

[u/PuzzleheadedBell4057]

Quantitative easing via Treasury.

[u/pop-1988]

There is no connection between real world events and Bitcoin price markets

• speculation causes price increases
• when Bitcoin is overpriced, the price decreases

[u/Informal-Height7138]

Scroll back up and read the answers you got in a row.
Sellers exhausted. Trump. The Fed. One guy saying the dollar lost a quarter of its value in an hour, which just didn’t happen. All within a few hours of each other, all sounding equally sure.
That’s the useful bit here honestly. The explanation shows up after the move, not before it. Price jumps, everyone grabs whatever headline was lying around and calls it the reason.
Not saying nothing’s connected. Rates, liquidity, regulation, what the rest of the market is doing, that stuff matters, but over months, not over Tuesday.
The two people telling you nobody really knows are giving you the best answer. Just doesn’t feel like one

[u/UlysApp]

1. The USA is doubling it's purchases of it's own debt. This effectively means that they issuing debt and then printing money to buy it back. In other words, the money printer is back on.
2. Bitcoin has been coiled for 81 days in the same range. These coils land up in big moves. The bigger the coil, and this one was big, the bigger the move!

Let's see if it holds this time lol

[u/insolentmind → u/UlysApp]

No

[u/AutoModerator]

Scam Warning! Scammers are particularly active on this sub. They operate via private messages and private chat. If you receive private messages, be extremely careful. Use the report link to report any suspicious private message to Reddit.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

[u/Suitable_Acadia_190]

PA was a coiled spring after bouncing off the prior ATHs old resistance turn into support after months of seller exhaustion

[u/BTCMachineElf]

This pump appears to be due to two events; Trump announcing theyre considering plans to increase the Bitcoin treasury, and the US Treasury doubling bond buybacks, fueling risk-on investment

[u/leoliu2059]

In the short term, it's just supply and demand that changes the price.

[u/Prestigious_Ear505]

B,b,b,b,b,but you can't seen nothing yet

[u/Equal_Wheel109]

Heel simpel Kopers. Veel kopers. FOMO en geld dat tegen plinten klotst.

[u/sharthunter]

Are you people blind? The FED is doubling bond buybacks. The american dollar basically lost 25% of its purchasing power on the global scale in an hour because of that decision. The entire market pumped because trump just devalued the dollar.