The figure is more than serious, especially since most of the transactions are related to activity on existing stock exchanges and trading floors. The bitcoin value fluctuation chart shows us the cause: the inflow of coins for subsequent exchange and withdrawal into cash through fiat money. For example, media focus on the rising bitcoin price might convince casual retail investors to purchase bitcoin to avoid missing out on potential profits, causing the price to increase further. Conversely, negative media coverage accompanying bitcoin price declines often causes people to panic sell their assets, placing further downward pressure on the market. In less than 60 minutes, bitcoin’s value shot up by more than $1,000, driven by the biggest one hour trade volume in history of over a billion dollars worth of bitcoin. The rocketing price, which took bitcoin above $8,000 for the first time since March,