So, what's the general consensus for the increase in price? Gemini taking its toll on the market, China's recent influx of transactions, or just a combination of both? It's easy to say both, but I would like to hear what everyone thinks is the major cause for the bulls to be let loose.
There's been massive amounts of positive news during the bear market, so it's all stored up behind the damn once people realise they're not going to be able to buy in cheaper. Another interesting thing at the moment is Chinese devaluation in combination with capital controls, so there's trillions in hot money in Yuan wanting to get out at the moment. That said, I don't know how easy it is for people to actually buy and sell bitcoin in China these days, but today's moves are much bigger in Yuan (10%) that in US$ (5%) so that points to something.
