{"id":26480,"date":"2024-03-19T22:18:56","date_gmt":"2024-03-19T22:18:56","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=26480"},"modified":"2024-03-19T22:18:56","modified_gmt":"2024-03-19T22:18:56","slug":"bitcoin-goes-up-so-it-must-come-down-what-goes-into-the-price-of-btc","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2024\/03\/19\/bitcoin-goes-up-so-it-must-come-down-what-goes-into-the-price-of-btc\/","title":{"rendered":"Bitcoin goes up, so it must come down. What goes into the price of BTC?"},"content":{"rendered":"

Bitcoin has set yet another new all-time high \u2014 $73,835 on Coinbase BTC-USD on March 14. This means bitcoin is good now! All our past objections are resolved. Going forward, we only deal in Finances U Desire.<\/p>\n

The number is up, but the market is still super-thin. BitMEX BTC-USDT had a flash crash on Monday evening to just $8,900.<\/p>\n

We\u2019re not in a bubble. We\u2019re in a balloon, one being pumped full of hot air. It\u2019s fun going up \u2014 but the trip down can be very quick.<\/p>\n

We’re over at Amy’s again. [Amy Castor<\/em><\/a>]<\/p>\n

 <\/p>\n

\"\"<\/a><\/p>\n

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Your subscriptions keep this site going. Sign up today!<\/a><\/i><\/p><\/div>","protected":false},"excerpt":{"rendered":"

Even as the price went up through 2023, every day people wanted bitcoins less and less.<\/p>\n","protected":false},"author":1,"featured_media":26481,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[568,21,1067,783,288,1047,3093,1799,39,1080],"class_list":["post-26480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised","tag-binance","tag-bitcoin","tag-bitmex","tag-blackrock","tag-coinbase","tag-etf","tag-gbtc","tag-grayscale","tag-tether","tag-trading"],"jetpack_featured_media_url":"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2024\/03\/bitcoin-rollercoaster-in-hell.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/26480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/comments?post=26480"}],"version-history":[{"count":3,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/26480\/revisions"}],"predecessor-version":[{"id":26484,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/26480\/revisions\/26484"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media\/26481"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=26480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=26480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=26480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}