Why did the Bitcoin price rise more than $ 200 per hour?

The price of Bitcoin was quite active in the last few hours.BTC, which has fallen below the level of 7 thousand dollars in the morning, has risen up to 7 thousand 200 dollars.

What happened?

Bitcoin price last night was largely below the level of 7 thousand dollars. However, this situation began to change in the morning.

According to Coinmarketcap data, Bitcoin price suddenly started to gain value at 07:00 CEST. The rapidly rising BTC price soon exceeded the threshold of $ 7,200 dollars.

Why Rise?

It is not possible to give a definite answer to the question of why the Bitcoin price suddenly rises.However, when we look at the past few hours, we can see that there are a few events that might have triggered the BTC price.

According to some crypto currency commentators, this bitcoin price activity is directly linked to US President Donald Trump’s statements.According to the Pentagon, Major General Qasim Solomon, the commander of the Jerusalem Revolutionary Force of the Iranian Revolutionary Guards, was killed following Donald Trump’s instructions.Following this news, there was an increase of 3 percent in crude oil prices.

According to some, this event also caused the price of Bitcoin to take action.According to these names, people started to transfer their money to Bitcoin because they did not foresee how this event would affect the economy and this caused the price to increase.However, some names such as Alex Krüger do not look hot on these claims.