01-17-2023, 09:21 AM
What actually triggers a 10% jump?
<!-- SC_OFF --><div class="md"><p>With the much needed and imo very welcome rally (short lived or not) it kinda got me wondering.</p> <p>What exactly triggers a quick spike like this on such an enormous basis? I know market cap isn't necessarily the same as a similar cash amount of money flowing in, but how is it that seemingly "all of a sudden" people are willing to pay 10-20% more for BTC/selling it for 10-20% more?</p> <p>Who are the buyers deciding to buy for higher prices now of all times?</p> <p>I'm feeling pretty ignorant about this and I'm sure there is a logical explanation but other than "people are just paying more" I don't understand the dynamics of fast rallies like these, especially in the circumstances we are in right now.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/transfermymoons"> /u/transfermymoons </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10duq8t/what_actually_triggers_a_10_jump/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10duq8t/what_actually_triggers_a_10_jump/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>With the much needed and imo very welcome rally (short lived or not) it kinda got me wondering.</p> <p>What exactly triggers a quick spike like this on such an enormous basis? I know market cap isn't necessarily the same as a similar cash amount of money flowing in, but how is it that seemingly "all of a sudden" people are willing to pay 10-20% more for BTC/selling it for 10-20% more?</p> <p>Who are the buyers deciding to buy for higher prices now of all times?</p> <p>I'm feeling pretty ignorant about this and I'm sure there is a logical explanation but other than "people are just paying more" I don't understand the dynamics of fast rallies like these, especially in the circumstances we are in right now.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/transfermymoons"> /u/transfermymoons </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10duq8t/what_actually_triggers_a_10_jump/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10duq8t/what_actually_triggers_a_10_jump/">[comments]</a></span>