Earlier this week, Bitcoin marked a spectacular move. In less than 24 hours, the asset surged by nearly 45%. This successfully saw it climb from lows of $7,400 to hit highs of $10,500. The remarkable move meant a big payday for holders who were not having the best of months. The trigger behind the move? Well, it was all about china. The Chinese president, Xi Jinping, made an announcement that the government would be fully embracing blockchain technology. While many believed this to be the sole reason for the move, the asset had more to go by. China wasn't the only reason for the 42% surge and Bitcoin was triggered by several reasons
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