One-thousand-dollar Spike
Bitcoin spikes
Bank equities drop
- JPM: 114.50 April 13 09:30 to 109.12 April 13 15:26
- C: 73.22 April 13 09:31to 69.91 April 13 15.31
Other cryptocurrencies
- Everything follows, except from Tether (because it's backed with fiat)
BITCOIN MARKET OPENS TO 1.6 BILLION MUSLIMS AS CRYPTOCURRENCY DECLARED HALAL UNDER ISLAMIC LAW
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Is Bitcoin Halal or Haram? (April 10th)
- Bitcoin qualifies as Islamic money
- May have contributed to the price spike
WHY DID BITCOIN'S PRICE SPIKE? EXPERTS EXPLAIN EXTREME CRYPTOCURRENCY VALUE CHANGE
- “As the price increase happened on crossing the $7,000 line, and came initially from just one exchange - Bitfinex - this indicated that it was pulled by a large institutional purchase order. Later it spread to other exchanges and marketplaces.”
18 Percent Surge In Bitcoin Price Catches Everyone Off Guard
- "The $1,000 rise has definitely been surprising with many of the stop-losses kept in place having been eaten up when Bitcoin went $200 above the $7,000 range."
- "Following the fact that the bearish pattern has been breaking, many of the more technically sound investors might have jumped on to the ship and started to do some actual buying, further increasing the value."
