What is causing last few days' run-up?

[Untomabur]

Current price 15726$, phenomenal, but I am wondering what is causing this run-up?
paypal? That is too distance past. Today is 11/5/2020.
Any intel on this?

Paypal involvement in crypto have open the door for more adopters and this have bring more confidence in the space, don't underestimate the involvement of PayPal, this isn't a small news mate, and also bitcoin have proven it's worth when COV19 pandemic was wrecking everything that stands in its way

yes, paypal is indeed one of the factors of this increase,
because many mass adoption of Bitcoin prices have shown good performance,
but what you should be aware of is that Bitcoin prices always go up when the halving is over,
and the halving has now been passed resulting in a bullish start for bitcoin.

[SquallLeonhart]

The volatile market is caused by not being regulated and that is the only reason for it. There is no government that can control the market, price of bitcoin is a global thing and you can be USA government and be very powerful and you can't control bitcoin price.

Normally in places like stock market world or forex or gold or any other market you see governments trying to make regulations where if you suddenly see a 10000% type of silly increase they get involved and they stop you and they audit you and they try to find why it went up that much, or you could be just a huge company like apple and have 10% increase and even that would be taken a look into who bought it to make it go up. In crypto someone can buy 1 billion dollars worth of bitcoin and nobody would even know who they are let alone search why they did it.

[fullhdpixel]

Current price 15726$, phenomenal, but I am wondering what is causing this run-up?
paypal? That is too distance past. Today is 11/5/2020.
Any intel on this?

A lot has already happened this year, not one, not two, but many of them and they can be what’s influencing this price to be going up as high as it is. Come to think of it, before this lockdown and coronavirus thing happened, $11,000 was what the price was about getting to, and it’s months now since the price dropped from that high, so doesn’t that mean that if such thing as covid19 never happened we will be seeing something around $20k by now if not more than that?

Well, now it’s happening we should be happy about it, and I have checked this morning, it’s up again compared to yesterday, let’s look forward to more.

[jacafbiz]

Current price 15726$, phenomenal, but I am wondering what is causing this run-up?
paypal? That is too distance past. Today is 11/5/2020.
Any intel on this?

Simple, we have more buyers than sellers, this is what is causing the price to move up. people need to understand that the halving event will be priced in to Bitcoin price and we are just getting started, this rally will pause when we get to $20k we are not far

[skarais]

To be sure, I may not be able to answer why the price of bitcoin has gone up in the last few days. Some of the thing that may be the contributing factor is the increasing confidence of investor in bitcoin after the victory of the new US president. The more market demand for bitcoin, the more it will naturally increase its price and this is commonplace. I don't see any other, bigger effect that causes price to go up. Volatility will always occur and we will all experience market fluctuation. The migration of stock investor to the crypto market could also allow bitcoin price to rise, paypal is also great news.

[wiss19]

Before we talk about this PayPal adoption bitcoin and to offer services of cryptocurrency to their customers, let’s not forget that Square Inc.

Was the first that started it, so I believe that PayPal might have noticed their move and other companies that were moving to the Blockchain and cryptocurrency platform so they decided to also do the same before they are left behind, so it’s something that they must have done. Their move did boost cryptocurrency I believe, but whether they took this action or not , I still know that the bitcoin I know will continue running up, we saw it coming.

[CODE200]

Current price 15726$, phenomenal, but I am wondering what is causing this run-up?
paypal? That is too distance past. Today is 11/5/2020.
Any intel on this?

Simple, we have more buyers than sellers, this is what is causing the price to move up. people need to understand that the halving event will be priced in to Bitcoin price and we are just getting started, this rally will pause when we get to $20k we are not far

If that's the case, why are there more buyers or investors? That is probably what OP wants to know and for sure many people also wants to because we may only assume what may happen and what is happening in this market. What's more likely to happen is that, people will associate events or things which recently occurred, to the behavior of the market price which I thi k is not valid since there's no valid basis.

Current price 15726$, phenomenal, but I am wondering what is causing this run-up?
paypal? That is too distance past. Today is 11/5/2020.
Any intel on this?

Simple, we have more buyers than sellers, this is what is causing the price to move up. people need to understand that the halving event will be priced in to Bitcoin price and we are just getting started, this rally will pause when we get to $20k we are not far

Though not sure as it will halt at 20k or can halt before or will halt after 20k. But one thing is sure that in coming time we will have more big players adopting it just like paypal did in recent times. So price is eventually will be rising and best to buy on dips and hold as will make a multiple times returns in next few years.

Indeed. Due to this network's huge influence, other businesses might also do so if it will be benificial for them.

[nangthothan]

I think the money is being printed from the countries in covid, another problem is that a large amount of gold is sold. At the time of covid, people probably learned a lot about BTC, making it more interested than before. Maybe it will increase in the future