Why Bitcoin, other cryptocurrency prices have been rallying
The surge in bitcoin and other cryptocurrencies is a sign of growing investor confidence in the underlying technology and potential for growth.
Bitcoin and other cryptocurrencies are up big, but we don't really know why.
Bitcoin and other cryptocurrency prices have been rallying because of a large number of speculators. These investors are betting that the price of cryptocurrency will continue to rise, with many of them choosing to buy Bitcoin or other coins through so-called "ICO"s - initial coin offerings. This is because an ICO bypasses many of the regulatory hurdles companies face when raising traditional funds via stock offerings.
The price of cryptocurrencies have recently been rallying. This is due to a variety of factors, but some of them include, 1) buying via credit card, 2) people investing in the market and 3) buying more to sell at higher prices.
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