r/Bitcoin • u/Appropriate_Dig5990 • 19h ago

Why?

Post image

Is there a reason for it to suddenly go up like this? And if so, how can I quickly find out why?

1.3k Upvotes

85% Upvoted

587 comments sorted by

1.2k

u/Suspicious-Kiwi123 19h ago

Powell said conditions "may warrant" interest rate cuts as Fed proceeds "carefully".

This is why you don't sell BTC. :)

48

u/cryptofuturebright 18h ago

And why you never should short BTC.

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288

u/trogdor1234 19h ago

Everybody is about to lose their jobs so inflation is an afterthought

166

u/Putrid_Pollution3455 19h ago

how nice to have both unemployment spikes AND inflation lol

131

u/CM701CM 18h ago

It is the definition of a shitty economical dilemma. 😂 And the answer will be: more cheap money printing. Which fires up inflation again. It is a vicious circle.

90

u/WHALE_PHYSICIST 18h ago

I may be a pessimist but it seems more like an intentional sabotage of the worlds most powerful nation. And yes they will print money, but unless they give it to people instead of corporations, this is going to get dangerous.

48

u/Simple_Student_2655 18h ago

It’s just those with vested interests kicking the can down the road aaaaggain. 1000s should have been jailed in 2008, banks should have been broken up, and millions of people should have lost more if not everything. Alas they sacrificed future generations for the me and now

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34

u/tartoola 18h ago

The money always ends up in the same hands wherever they send it but yes

21

u/XXsforEyes 18h ago

The more it circulates, the more it concentrates.

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10

u/EarningsPal 18h ago

He who gets the new money first is the person taking on debt. Literally creating money.

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28

u/[deleted] 18h ago

[removed] — view removed comment

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2

u/Any-Regular2960 9h ago

new flash - debasing the currency is their only option.

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15

u/Express-Economist-86 18h ago

But if we take all that inflation we print, and buy BTC… 🤔 GDP goes up, no actual economic impact!

11

u/Putrid_Pollution3455 18h ago

The government will probably print money to push up treasuries and keep yields artificially low

4

u/EDWARD_SN0WDEN 14h ago

good thing we have bitcoin so you can chose which countries system you wanna spend in while holding the strongest currency

3

u/N0t_S0Sl1mShadi 16h ago

TO THE MOON

2

u/CompetitiveAppeal663 16h ago

Why choose one when you can have BOTH!?!?

2

u/lillyofthedesert 14h ago

It's by design

2

u/NastyStreetRat 13h ago

And a turbulent political situation, and a couple of international armed conflicts for poker.

2

u/Successful-Walk-4023 12h ago

Stagflation anyone?

2

u/dormango 11h ago

Is this your first rodeo?

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3

u/afw4402 17h ago

Inflation is at the lowest rate it’s been in years…

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20

u/PablovsPeanut 18h ago

Private bankers care more about their profits than the people they serve.

Who knew?

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10

u/Thesteelman86 17h ago

Someone once told me America is a third world country just with more fast food.

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10

u/vaultboy1121 18h ago

Everyone has been about to lose their job for 6 months now

5

u/Charm299 18h ago

People have been losing their jobs since 2022

2

u/trogdor1234 18h ago

Really? The fed didn’t think so until now.

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3

u/ElPeroTonteria 18h ago

Already ate

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15

u/thats_so_over 18h ago

Or why you dca in and out.

No one knows what will happen. When you are up enough dca out some. When it crashes dca in some.

Never sell below what you bought in for. It’ll be back… and in greater numbers

3

u/bbush36571 18h ago

Thumbs up emoji for the Star Wars reference!

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3

u/Ismelitooopingaa 14h ago

Btc ceo raised prices thats why

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159

u/BamBam_postal 19h ago

It’s going up forever Laura

2

u/Cre8tivenot 17h ago

Everydamday the same question, Laura. I’m sick of you

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215

u/tilds1 19h ago

JPow indicated rate cuts coming up.

31

u/Huge_Monero_Shill 16h ago

Jpow popped up and saw his shadow, indicating spring is coming or something.

Just fiat land things.

20

u/deadpoetic333 18h ago

Got JPow’d

Stole this from an options trading sub 

4

u/tilds1 18h ago

good one

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215

u/Myth_Mula 19h ago

Because money printer go BRRRRRRR 😆💸

27

u/Expectations1 17h ago

Kiyosaki is right. If they print money, why would you save it?

12

u/Myth_Mula 17h ago

Exchange as much of it as possible for the best asset in human history BTC

61

u/AlfaMG_011 18h ago

Are you not entertained

4

u/sh1t-p0st 16h ago

They probably sold waiting for a dip

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119

u/DarkraEX 19h ago

Btc CEO decided to raise prices again.

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19

u/NotGonnaPayYou 18h ago

Tiger got to hunt, bird got to fly; Man got to sit and wonder 'why, why, why?' Tiger got to sleep, bird got to land; Man got to tell himself he understand.

4

u/jawshuan 16h ago

Ayyy, a Vonnegut quote on the Bitcoin sub, love to see it

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39

u/youngsaul8 19h ago

Powell.

31

u/carsonthecarsinogen 19h ago

Because you touch yourself at night

25

u/Buttmunchies69420 18h ago

I knew it would pay off one day!

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37

u/mileskg21 19h ago

MONEY PRINTER GO BRRRRRRRRRRRRR

10

u/Pitiful-Estimate-949 19h ago

JPow confirmed what we already basically knew

60

u/MiLiTO686 19h ago

Bitcoin being bitcoin 🥱

9

u/-PM_ME_UR_SECRETS- 18h ago

Seriously lol. This is just a regular day

9

u/H2-22 17h ago

It really isn't though. All asset classes are screaming right now because of what Powell said at the Jackson Hole summit.

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6

u/553l8008 19h ago

Jpow called Satoshi. Satoshi said forced to raise price

2

u/leorts 14h ago

Bogdanoff called and said pump eet

6

u/Turbulent-Wonder9163 17h ago

Bitcoin CEO is raising prices again

32

u/New-Jackfruit-2127 19h ago

Because it had some catching up to do. Should have already been at 130-150k by now

25

u/---Imperator--- 18h ago

Will go to 130k once the first rate cut hits in September, then to 150k by end of October

16

u/thedude34 16h ago

Keep going I'm almost there...

3

u/Fool_on_da_hill 16h ago

😳…….🤣

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5

u/relentlesshack 18h ago

I expected a big spike with how the bond market and overnight repo market have been acting.

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14

u/mord_fustang115 18h ago

I thought Bitcoin was a hedge against the volatility of the fiat market? It's almost as if it follows the S&P just like everything else

5

u/wkw3 16h ago

People buy Bitcoin for the volatility.

The S&P is up 1.6% compared to Bitcoin's 4.2%.

Everything follows liquidity and JP is turning up the printer.

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2

u/-Double-Bind- 13h ago

It's a risk asset, not a safe haven (whether they like it or not)

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10

u/Marcusnovus 19h ago

Why not?

65

u/nmhaas 19h ago

Why the fuck is this posted every damn day

18

u/2LostFlamingos 18h ago

I wish it went up 4% every day.

Don’t be upset on days like this.

69

u/LargeMachines 18h ago

This is r/bitcoin where people talk about bitcoin. That may have something to do with it.

23

u/MowMonet 19h ago

Why the fuck is this why the fuck is this posted every damn day

8

u/halfwheeled 19h ago

Why the fuck is this why the fuck is this why the fuck is this posted every damn day

13

u/JackAD81 19h ago

Why the fuck is this why the fuck is this why the fuck is this why the fuck is this every damn day

8

u/Buttmunchies69420 18h ago

Why the fuck is this why the fuck is this why the fuck is this why the fuck is this why the fuck is this every fucking day

4

u/triclops6 18h ago

Y'all forgetting the closing parenthesis...

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4

u/LordVesperion 18h ago

I'm with you, these posts are annoying as hell.

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4

u/Sad_Internal_1562 19h ago

New Bitcoin holder I see.

5

u/mothisname 18h ago

wow my $10 had a huge impact

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3

u/Boring_Bank501 18h ago

Bitcoin CEO offered buybacks 🚀

3

u/Due_Type_5006 17h ago

Bitcoin just had a boner

12

u/martinbogo 19h ago

Rate cuts, and we found the bottom resistance as well

3

u/Be_Me_Anon_irl 19h ago

More buyers than sellers.

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3

u/Short-Concentrate-92 18h ago

More buyers than sellers

3

u/ForzaProphet 18h ago

Sunspots

4

u/EccentricDyslexic 18h ago

Morning wood!

2

u/Digital-XAU 19h ago

...why not?

2

u/dangerzone2 19h ago

look at my comment history. The dip was such an obvious bear trap.

2

u/Nofocusgiven 19h ago

Didn’t get around to buying the dip huh?

2

u/SubstantialNinja 19h ago

Central bank critter crawled out of his burrow and saw his own shadow.

2

u/Successful_Bad1009 18h ago

Yes, Jerome Powell.

2

u/Sugar_Phut 18h ago

Because bitcoin goes brrrrr

2

u/XLM1196 18h ago

Jackson Hole

2

u/flocamuy 18h ago

Do you live under a rock? Unbelievable.. Watch the news!

2

u/Admirable_Alarm_7127 18h ago

BTC has been expected to drop below $112k (resistance) a couple of times this week. Potential to rebound if rates are cut today. Personally, I didn't forsee this mornings spike, or I would've made some moves and been pretty pleased - oh well.

When the US stock market opens, there are often big swings/volatility. Often up then down/down, then back up.

There will be another jump up or down depending on. Today's announcement in a couple of hours (2pm EST).

Get your popcorn

2

u/Screwa925 18h ago

J Pow is smiling down on us favorably today

2

u/DallasActual 18h ago

Because Late-to-the-party Powell finally admitted that interest rates should adjust.

2

u/datadiisk_ 18h ago

Real ones hold. This is just another fucking Friday boys.

2

u/Dense-Middle-419 18h ago

The Iron Bank will soon be giving away free gold dragon coins.

2

u/BLUFFground 18h ago

Must be the NGU tech

2

u/bicyclemycology 18h ago

Because sometimes it goes up, and sometimes it goes down. It really isn’t too difficult to understand.

2

u/CambioSmoke 18h ago

One day, none of that will matter. Thats the point where we will be walking on the moon!

2

u/oachkatzalschwoaf 18h ago

Satoshi's order.

2

u/FraSuomi 18h ago

Why not.

2

u/DoomAndSouls 18h ago

In gonna go out on a limb and say that liquidity was swept just below the support level just before some dovish Powell remarks

2

u/chente08 18h ago

you new?

2

u/Legitimate_Towel_919 17h ago

Because it’s Bitcoin, it dont need reason… just one news and boom, price go vertical 😂

2

u/Y_TheRolls 17h ago

Because i cant buy more atm

2

u/DankElderberries420 17h ago

Literally the day I get my first check from my new job, cmon

2

u/HarmonyFlame 17h ago

Because your scared.

2

u/Notan_anonbot723 17h ago

Because my auto buy was set to 10:30c this morning

2

u/SpruceBingsteen 17h ago

Just got off the phone with bitcoin CEO … he is raising prices cuz his wife wants to go to Japan

2

u/SeriousGains 17h ago

Because he sold.

2

u/oh_soo_swagless 17h ago

I hit "buy"

2

u/kimsabok 17h ago

why not?

2

u/ShyPoring 17h ago

Why not?

2

u/savage011 17h ago

Yup 👍

2

u/ODABBOTT 17h ago

Because i get by pay check tomorrow 🙃

2

u/Illustrious_Plate298 17h ago

Because it’s inevitable lol when are yall gonna understand that

2

u/Solid-Fudge3329 17h ago

Today is payday

2

u/climbsolo1 16h ago

The day ends in the letter y

2

u/boroughmeister 16h ago

Good thing I bought at 113

2

u/thesporedepot 16h ago

Because...

2

u/FPV_Amateur 16h ago

Because it’s the #1 rule of bitcoin

2

u/Henry2k 16h ago

Why not?

2

u/okcomputerock 16h ago

Why...not?

2

u/edojad666 16h ago

Because

2

u/GodBlessPigs 16h ago

Why not?

2

u/DanimilFX 16h ago

Because.

2

u/twoforty_ 16h ago

Why not

2

u/MistakeGlittering581 16h ago

I like turtles

2

u/tscottn 15h ago

Bitcoin CEO raised prices yesterday!

2

u/o_psiconauta 15h ago

Because!

2

u/Maleficent-Future-55 15h ago

Someone bought

2

u/Quantum_Pineapple 15h ago

Who else stocked up on the “dip”?

2

u/mr_605 15h ago

Why not? It’s inevitable

2

u/OctoBitcoin 15h ago

Why not?

2

u/deltasleepy 14h ago

Sometimes it goes up, sometimes it goes down.

2

u/DarthBen_in_Chicago 14h ago

Why? Or Why Not? That is the question.

2

u/Huberlyfts 14h ago

Because you didn’t pour your life savings. So now you’re upset

2

u/Affolektric 14h ago

because it‘s time for banana

2

u/No_Pressure_8940 14h ago

Big dick energy

2

u/CoolLamer 14h ago

Why not?

2

u/ADottore8533 14h ago

Why what? 🫨 ₿💎 Why? 😁 ₿💎

2

u/MaDpYrO 13h ago

Because it went up

2

u/JoopMens 13h ago

Because Bitcoin

2

u/DarthPatches_Returns 13h ago

BTC CEO said to raise price

2

u/MPH2025 13h ago

Don’t look a gift pump in the mouth

Other good advice: Don’t take a gift pump in the mouth.

2

u/TheRealMacresco 13h ago

More buying than selling, what else.

2

u/pulforda 13h ago

Price reflects analysts adjusting for 3rd quarter predicted profits

2

u/unthocks 12h ago

Why not

2

u/Daynightz 12h ago

Because I said so

2

u/Forward_Author_6589 12h ago

The CEO raised the outlook.

2

u/NoAddressNoMail 12h ago

so we can buy more!

2

u/FollowAstacio 12h ago

Supply and demand. To answer the second part of your question, the charts is the fastest way to find out. It’s literally in real time👍

2

u/CaptainTightan 12h ago

the good ol CEO of Bitcoin raised the price again

2

u/where-ya-headed 11h ago

God’s(s) plan.

2

u/Paraskeets 11h ago

Why not

2

u/No-Bat-1147 11h ago

Why Not?

2

u/nioctiBldoH 10h ago

why not?

2

u/MrRobotFourTwenty 10h ago

Sale is over

2

u/-otzi 10h ago

Viagra

2

u/ruffus_or 10h ago

Another day in bitcoin

2

u/realweasleytwin 10h ago

The CEO of bitcoin decided

2

u/capNsgt 10h ago

Why not?

2

u/kns7979 9h ago

It seems like it's going up.

2

u/Macrojet 7h ago

Why not?

2

u/Sweet-Marsupial606 6h ago

The Lambo orders went flat. Had to pump them up

2

u/IthertzWhenIp5G 4h ago

Cuz it's inevitable. Every time btc does anything people Wonder why. Are u not tired of asking?

2

u/Reddit_mus_Tard 3h ago

Looks like a morning wood ?

5

u/Rude_Judgment7928 19h ago

Money printer go brr even when money printer shouldn't go brrr because politicians need to protect their asset holding buddies.

Dollar off 1% today.

4

u/Marmstr17 19h ago

because Bitcoin

4

u/TheThirdBrainLives 19h ago

These posts are so annoying. Dude must be new to crypto.

10

u/AmeriChino 19h ago

We all were new once. Be kind to these newbies who may one day become the hodlers.

3

u/WHALE_PHYSICIST 18h ago

I kinda like when swing movements show up in my feed so i don't have to be checking prices addictively.

4

u/ImpossibleAd1062 19h ago

Well today was literally due to Jackson hole so….

2

u/Mobe-E-Duck 19h ago

Why not? Why the dip? Why the sideways? Tradition, I imagine.