Today's Surge

[move_zig]

What do you think is the main cause for today's surge in price?

I think it's due to last week's news about Mega accepting bitcoins (through one of their resellers). Now that the weekend is over people's bank transfers have started to go through and they're buying all they can. But then why wasn't the spike on Monday?

[alir]

Lots of news about bitcoin paired with an artificial spike to take advantage of newcomers.

[DannyHamilton]

But then why wasn't the spike on Monday?

Bank holiday in the U.S.?

Two to three business days for funds to clear transfer in other parts of the world?

[Luno]

when we pass 32, everybody bought their Bitcoins at a lower price. No more regrets.

[muckthenuts]

But then why wasn't the spike on Monday?

Bank holiday in the U.S.?

Two to three business days for funds to clear transfer in other parts of the world?

+1 to the bank holiday.  I think demand lags news in some ways as well since many of the means for newcomers to buy bitcoins requires a week or more of verifications and transfers.  Coinbase has limits.  Mtgox has a verification period and if you're buying via Dwolla you need to get set up there.  etc.