Following crypto currency is getting exciting, but in the past 2 weeks not so much. Bitcoin had a little rally few weeks ago and then fell and found support again around the 700 range. If you purchased Bitcoin in the last few weeks you are doing well. Last night Bitcoin went up to 744 according to Coinbase, For every 10 coins you just made almost 500 bucks in interest lol. In my earlier post i mentioned Bitcoin being in the 750-800 range by the end of November. I am not to far off and i hope we hit 800 soon, and stay stable above it.
Why the sudden pop in price? If your following my post you will have noticed that the update should have been applied. This is not the only factor though Someone purchased 500 BTC at an exchange and thats most of the reason why you see the price going up. Europe is also not doing well and some banks are looking at a Bail out or bankruptcy. This means higher interest rates on homes and cars. The fiat currencies of the world are doing bad and when some people start to see that they panic and buy crypto.
As always thank you for reading please don't forget to follow me and like the topic.