The good news is that mooning in cryptocurrency has nothing to do with seeing anyone's peachy bottom. It's actually a verb that describes the rising price of a cryptocurrency. More specifically, when a cryptocurrency is mooning, it means its price is skyrocketing – literally heading to the moon.

Why is crypto mooning?

The good news is that cryptocurrency mooning has nothing to do with seeing someone's pink bottom. It's actually a verb that describes the rise in cryptocurrency prices. More specifically, when a cryptocurrency is mooning, it means its price is skyrocketing-literally heading for the moon.

Why is Bitcoin so up and down?

Bitcoin's price is defined by the last trade conducted on a specific exchange. Price goes up when buying pressure increases, and goes down when selling pressure increases.