REASON Behind Bitcoin Price Pump to USD-7000/- for 1st time
We all know that Crypto Market is a very high volatile market among others money market.
Due to its highly volatile nature, it has high returns. We all know that due to its downtrend of the price it gives a massive headache for us for some time.
After 8th August the price of Bitcoin was below the line of $-6500/-. But at this time the Bitcoin price pump to above 7000/-$ for the 1st time after an interval of 20 days. it is a good sign for Bitcoin to gets its path that it loose for some time.
The reason behind this huge pump of bitcoin is:-
NiceHash cloud mining services were hacked in December last year. Recent news by NiceHash says that it returns 60% of its stolen bitcoin to customers as promised by the organization. this may be a reason for this huge pump for the price of cryptocurrency.
It's a great news for us to trade in Bitcoin. As we know that bitcoin and Ethereum are the driving coins for the crypto-coin, other coins on this market got green.
NOTE: This post not for investment advice. it was a news. invest in your own risks.