Bitcoin surges by over $1000 in just 30 minutes

The whole crypto market has followed Bitcoin’s sudden price jump and left many wondering what is going on.

While of course extremely welcome, it’s a bit of a mystery what has caused so much green colour across the crypto charts. The leading speculation on Twitter at the moment is that it has something to do with Bitcoin being declared compliant with Shariah law.

Positive Fud

Additional 1.8 billion people will now be able to buy #bitcoin #bitcoin is declared halal and holy for Islamic Community. Expect a bounce as soon as Saudi Arabia, Qatar & Abudhabi Sovereign Funds enters Crypto Markets ?https://t.co/ZKcdBCkkZ7

— Trading Room (@tradingroomapp) April 12, 2018

If this is true it could mean an absolutely phenomenal amount of money being poured into cryptocurrencies from some very wealthy countries.

We hope you all enjoy riding this wave of rather unexpected bit of good news.