The media are very quick to offer a causal attribution for a price increase while all data available are entirely correlative. It appears that China events are most often cited as possible reasons for price movements, maybe because journalists tend to think that China has the highest population number. As it happens, news from China are not easily verifiable for the average Western citizen, as almost none happens to speak Chinese.
In my opinion, the immediately imminent release of Segwit would be an equally good reason for a significant price increase. But maybe none of these factors really matter, because it's a local round table of company owners in Utah who have collectively decided to buy Bitcoin...
ya.ya.yo!
