After reaching a low of $550 during the week, the bitcoin price rose again reaching a high of $650 today.
Although it was normal to see a correction after the fast climb of the previous weeks, the bitcoin price probably fell also because of the “Bremain”, or the possibility of UK to remain into the EU.
This volatility has a main reason: Brexit and Bremain.
When it seemed that England would remain in the European Union the bitcoin price fell immediately.
Conversely, now with the official news of the Brexit, the Bitcoin price is finally starting to rise again.
Brexit and Bitcoin price rise
Yesterday England had to vote for a referendum in which voters had to decide if their country should remain (Bremain) or leave (Brexit) the EU.
When the official news of 54.4% votes for the Brexit arrived, the Bitcoin price increased from $560 to $655.
This phenomenon is probably due to the fear led by the volatility in the fiat currency and traditional markets.
5 reasons why Bitcoin price rise
Among these we quoted the Brexit, and in fact it seems to be confirmed by the market movements.
Universal Wallet
If you want to store your Bitcoin in a safe and secure way, you should open your wallet on
HolyTransaction.com
On HolyTransaction you can store your Bitcoin but also other digital currencies such as Peercoin, Dogecoin and more.
Usually if you want to store different kinds of cryptocurrencies you need to open several accounts.
With HolyTransaction we changed this method, as you can store your different coins in an only wallet, with a single login.
Open your free digital wallet here to store your cryptocurrencies in a safe place.