Economic crisis does quite the opposite for crypto, but that's not even a main reason for his bull run. I'm not an expert, I just hodl, but from what I see swarms of institutional investors and Bitcoin acceptance from the highest echelons might have something to do with this bull run

Don't you know about Bitcoin halving or some positive news about crypto investment?
Although there are many other factors, these can be good reasons for the current bullish in the market. Bitcoin halving is one of the strong reasons, in my oipinon. If you learned the halving history in Bitcoin, you must realize that in every Bitcoin halving, there should be a big improvement in Bitcoin price. It also happened in the last two halvings.

I'm not sure if it was the major reason, but I've read an article saying that bitcoin holders aren't selling their bitcoins yet, they used an indicator and it shows that this is not the right time to sell your bitcoins, I think it came also from a trading signal that these people are confident to believe with. A lot of them are believing on that causing some effect to bitcoin's price to remain high and continously go higher overtime.

I think one of main reason is covid-19 effects so many people in wark for home then peoples looking in crypto currencys then can investment there Saving money then price is increasing day by day all investors and crypto traders buying more tokens price will be increased

*sigh*

Something something probably browse the forums first for similar topics before creating another redundant topic.

Topic: Whats causing the re rise of BTC? https://bt.irlbtc.com/view/5290589

Here was my answer:

- increasing adoption
- having lots of useful utilities
- being an excellent hedge against the failing economy
- being deflationary due to having capped supply while fiat inflation keeps increasing

well bitcoin is not an asset, it is a currency and it  doesn't rely on the economy the way every other asset does, even though it is affected by it to some extent. if anything bitcoin thrives when there is an economic crisis. FYI bitcoin was created back in 2006-2008 when the economy was failing (and finally crashed in 2008 which is when bitcoin was released).

yes, lots of them. whether through TA by looking at the charts or from the fundamentals and the way adoption has been increasing every day.

So here's the catch, there's a mechanism already put in place by Satoshi to reduce the amount of bitcoin coming into circulation every four years which one w called block halving. Coincidentally this years halving collided with the pandemic which brought about an increase in the demand of bitcoin as individuals were looking for alternative to invest in as bet against an economy meltdown that was predicted.

We also have other factors that are contributing and it mainly has to do with the US company buying into the idea of owning bitcoin as reserved investment. Paypal also jumping on the trend to bring about the offering of bitcoin service to their hundreds of millions customer is also having an impact on the market as this bullish news are increasing the demand of bitcoin while the supply is getting scared.

Many factors cause the bitcoin market to go into a bull. one of them is the percentage of HODL that shows investor confidence. Since the Bitcoin price crash in March, the One Year HODL Wave has risen from 59% to over 62%. It is now at an all-time high, signaling a clear trend of accumulation. When the number of HODLers increases, it shows a desire to buy and hold Bitcoin for a long time. The ongoing trend may suggest that investors are expecting a broader Bitcoin rally in the long term.