BTC has shot up above $8,000, and ETH above $400, as the crypto markets experience a steep 30 minutes of upwards growth.
The crypto markets experienced an explosion of growth today, April 12, with Bitcoin (BTC) jumping more than $1,000 to break $8,000 over just a 30 minute period, and the rest of the market solidly in the green.
While no specific events have been confirmed as the reason for the sharp price jumps across the board, Twitter users have speculated that the recent news that Bitcoin has been declared compliant with Shariah law – according to a report published online today, April 12 – may have contributed to the spike:
Positive Fud
Additional 1.8 billion people will now be able to buy #bitcoin #bitcoin is declared halal and holy for Islamic Community. Expect a bounce as soon as Saudi Arabia, Qatar & Abudhabi Sovereign Funds enters Crypto Markets
from Cryptocracken Blogger https://ift.tt/2qtyCxB
via IFTTT
No comments:
Post a Comment