Crypto investment: Why Bitcoin, Ethereum explode overnight??

 Bitcoin:

At the beginning of the year 2023 the price of Bitcoin was $16147 , see right now the price fluctuated on $27519, it means 70.42 %. On last week the price of Bitcoin was $20207 , with in a week the price rise $7326 it means 26.62%.

Ethereum:

At the beginning of the year 2023 the price of Ethereum was $1199.92 , now the price rise on $1816, the upward ratio is 51.46 %. On last week the price of Ethereum was $1430.25 , with in a week the price rise $386 it means 26.988%.

Why is it happened?

So the current market situation is that Bitcoin and Ethereum both have jumped up overnight tremendously by (26.62%, 26.988%) gradually from their existing value. So this is the market fact what we all know but as a Crypto critic we need to find out the reasons behind it to explode the price all on a sudden. According to several news and market statues this is happened right now the collapse of Silicon Valley Bank and Signature Bank as investors are flooding into cryptocurrencies as bank is looking more risky. So right now it's considered as the one of the strong reason to popped Crypto overnight according to market experts. But the price of cryptocurrencies such as Bitcoin, Ethereum, and others can experience sudden fluctuations in value due to a variety of factors. 

Some of the main reasons for sudden price movements in the cryptocurrency market include:

1. Market speculation: The cryptocurrency market is known for being highly speculative, and investors may buy or sell coins based on rumors or speculation about future developments.
2. News events: Major news events, such as regulatory announcements or adoption by large companies, can impact the price of cryptocurrencies. For example, if a major company announces that it will start accepting Bitcoin as a form of payment, this could lead to an increase in demand and thus a rise in price.
3. Supply and demand: As with any asset, the price of cryptocurrencies is influenced by the balance between supply and demand. If there is more demand for a particular cryptocurrency than there is supply, the price will increase. Conversely, if there is more supply than demand, the price will decrease.
4. Market manipulation: The cryptocurrency market is largely unregulated, which can make it susceptible to manipulation by individuals or groups with significant resources. This could involve buying or selling large amounts of a particular cryptocurrency in order to influence its price.
5. Technical factors: Technical factors, such as changes in the blockchain technology that underpins many cryptocurrencies, can also impact their price. For example, if a cryptocurrency implements a significant upgrade that improves its functionality or security, this could lead to increased demand and a rise in price.

Conclusion:

Some Financial experts thought in future banks and conventional financial systems will replaced by decentralized finance. So there is a little surprise that Crypto might readily become the replacement of cash and medium of trade. But if you consider the right now situation then it’s too early to talk about the matter. But according to our teachnical team, it’s for sure that this bounce may not be sustainable. We think that regulators will come up with strong enduring solution, what we have experience last week. Also there that another fact that Crypto can handle some limited transactions per second and it’ll going to use widespread basis overnight, it’s not possible. Overall, the cryptocurrency market is complex and can be influenced by a variety of factors. As such, sudden price fluctuations are not uncommon and should be expected by investors. 

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