Bitcoin Adds $4,000 Over Past 24 Hours, Going Above $38,000, Here's Why
On Jan. 14, Bitcoin spiked approximately $4,000, adding around 10 percent, according to CoinMarketCap.
Now, the king crypto is trading at $38,271, having surged from the $34,000 area where it sat on Jan. 13.
Skew team explains BTC growth
Bitcoin market cap, according to CoinMarketCap, now totals $710,224,394,629, having surged from $694,069,582,194 overnight.
Analysts from Skew data provider believe that the Bitcoin rise has been caused by a decline in spot trading volumes.
Alex DovbnyaSaturn crossing Mercury is not healthy for Bitcoin
According to a Reuters article, there is a new 22-year-old astrologer (and Bitcoin investor) from TikTok that can predict Bitcoin movements: Maren Altman.
Having exposure to a whopping one million followers on the social media app, the young woman warned her followers last week to watch out for a Bitcoin correction on Jan. 11.
A coincidence or not but, on the very same day, Bitcoin suddenly reversed, dropping 21 percent to below $31,000.
Maren Altman explained the correction, saying that it was caused by Saturn crossing Mercury.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Related articles
Alex Dovbnya
Gamza Khanzadaev
Vladislav Sopov
Dan Burgin