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Why did BTC explode while other currencies fell (why did BTC rise while other currencies fell)

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btc’s explosive pull on other currencies but falling Why is btc’s explosive pull on other currencies but falling? Why

There are two reasons:

1. The miners of btccrv.com did not use the Lightning Network to mine 2. The “counterfeit currency” BTT has been exploited by “hackers”

3. The 1inch exchange has launched two contracts, namely 1inch and snx

4. Due to the high cost of Lightning Network (transaction cost is 0.015 BTC), users can use the BTC on btcfv.com to buy or sell their tokens. This portion of the funds is mainly used for market making transactions, and the transaction fees generated from these transactions will be transferred to the liquidity pool. If you want to sell their Stablecoin in the market, you must first inject capital into the market to ensure profits 5. Nowadays, many friends are still buying Bitcoin futures Reason 1: Recently, many investors have raised prices to over $200, but this is not the case because many people feel they have bought more Bitcoin. But when I saw the price of Bitcoin rise, my mind suddenly began to jump Reason 3: From the perspective of the market, it is actually quite normal. Currently, the pancake is operating in a large range of fluctuations, and it has been fluctuating near the lower edge of the range since the opening around early yesterday morning. Although we didn’t notice anything special when the wave of rapid upward breakthrough broke through this range this afternoon, we just said that this adjustment may be a bit too eager for quick success Reason 4: The overall performance of mainstream currencies has not been very good recently. For example, Litecoin and Ethereum have reached the 2000 mark and continue to rise, but from the daily level, the current trend is still an upward trend

Why did BTC rise and other currencies fall

Today, the Coin Exchange announced that it will launch the BTC trading pair on February 10, 2020.

From the perspective of the news, have there been media reports in recent days that the rumor of btc prices skyrocketing by over 50% in a short period of time is it true or misleading investors? Let’s talk about the reason why so many people started hyping Bitcoin so early: firstly, the current price of BTC is still relatively low. However, due to its own nature, strong market demand, and liquidity, other factors have affected the price trends of other digital currencies, resulting in a significant decline in prices; Secondly, due to the weak competition between BTC and other currencies, many people view it as a safe haven asset; Once again, its anonymity and security prevent it from being used for illegal activities like gold, and it is not protected by regulatory agencies. Therefore, it has always been the target of people’s pursuit of a good thing.

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