Why is Bitcoin jumping so high today? On Kraken, it jumped as high as $8500 from about $6950. Perhaps some big money came in. Truthfully, we don’t know for certain. The good news is that all of the cryptos followed along and made a nice push upwards. Just about a week ago, we mentioned that these cryptos were undervalued, underpriced, and oversold.
Steem (STEEM)$3.17 USD (59.55%) up
Stellar (XLM)$0.242095 USD (15.62%) up
Neo (NEO) $66.90 USD (13.11%) up
Wanchain (WAN)$5.91 USD (34.03%) up
Now, all of these are up 10-40%. You can sell a portion, or ride it out. The market cap went above $300 billion again as well. We don’t know if we are headed back to all time highs, but we do think things will go slightly bullish for a bit with the recent good news and increase in market cap. If you are up you, may consider selling a portion (25-30%) so that you can have some liquidity to get other cryptos. If you don’t want to deal with that, then, you can ride it out. Keep in mind that we are still down quite a bit.
Lets hope for the best and rally towards 800 billion market even 1 trillion Lambo for everyone to take it to Moon.