Whats causing the price to go high to ATH?

[very_452001]

Also when will it dip to stabilisation?

[aTriz]

Also when will it dip to stabilisation?

I think that actually it is not so rare to see some asset price is destabilizing when getting closer to the all-time high, because in such a scenario the uncertainty goes in, which causes people to be very careful while trading on such a levels.
I would like to spot that for now, bitcoin price does not show up such a behaviour luckily, but as we have seen, the price of BTC is pretty stable last times.
Im afraid anyway that this dip to the up side may be not a good sign for us, because it is leading the bitcoin price to being overvalued. With so many issues about confirmations time and fee size, we cannot have more than 1500$ per one bitcoin. It is simply not useful with such a problems that we encounter every day during usage of BTC.

[CyberKuro]

The price starting to rise when bitfinex has withdrawal problem, which this exchange raise the price more than $100 compare to other exchanges and then other exchanges has raised the price too > because SEC order to review bitcoin ETF on 15^th May, which caused speculation and bitcoin price slowly increases. The highest trading volume maybe occurred in Japan exchanges after this country legalized bitcoin, every good news and speculation make the price increase I guess.

[tabas]

I think the cause of this price increase is because of Japan's announcement that they are already in to bitcoin transactions. So for those Japanese that don't have it, they are now keep on buying so I think they are really the true reason about this price increase. They are rich and as long as they can see an innovation and progress in it, they will believe on it.

[newIndia]

Also when will it dip to stabilisation?

Halted USD withdrawal at multiple exchanges.

[Hydrogen]

Elon Musk, Mark Novogratz, Virgin Galactic and others coming out in support of bitcoin might have something to do with it.

Mark Novogratz recently announced he has as much as 10% of his net worth invested in Btc and alts.

That could make crypto seem like a safer investment, knowing that there are some billionaires who have a significant sum committed.

[Minecache]

~52% of new buy orders are coming from JPN.

[dissident]

Just because something goes up that doesn't mean it has to go back down.. think of a stock that has good earnings and the price shoots up.. it's about supply and demand.  I do admit this looks like a bubble but bitcoin is still not even in the news yet like it was during the 2013 bubble.. it will probably take $2000 bitcoin to arouse any interest from the MSM.

Volume during this rally is 10 fold higher than in 2013-2014.  This, in theory, should be able to support a much higher top before we correct.... I admit it could all go to crap pretty fast though.. an exchange halts fiat withdraws, people panic sell.. the nasdaq went from 5000 back to 1000 way back during the dot com bubble.

My guess is it's another bubble.. picking a top is the question... nothing like bitcoin has really been devised before and with so much fiat in the world, 35 billion is really peanuts.  Throw in billionaires expressing interest in it....

[Doms]

Bitcoin has had a history of stellar climbs and dips over the years but this year seems to be more bullish than any other year that I have witnessed. We are not even halfway done for the year and the price has reached almost $1400 in just a small amount of time. I am expecting that the price would find it hard to break the $1500 level, but we will see how things go when we get there.

[Minecache]

http://www.cnbc.com/2017/05/01/bitcoin-skyrockets-to-fresh-record-high-on-a-spike-in-demand-from-japan.html

[Shiroslullaby]

~52% of new buy orders are coming from JPN.

Why the sudden interest in Bitcoin from Japan?
I haven't seen a reason given in any of the articles I've read.

[isen]

We should get used to it, more people are starting to realize the advantages of Bitcoin and this is good for everyone.I remember less than one year ago I was satisfied with BTC sold at 500$ and now it worths almost 3x more.
Who would've have imagined such a huge (and stable at the same time) increase back then?but now I am sure that Bitcoin is still undervalued and if we avoid a hard fork, the price will be more than 2500$ by the end of the year.

[jubalix]

Finex, feels like a goxing.....

Just like it, that spilt say only one thing.


srsly wait until the wash out as to what must be happening over there, so crash recover repeat.

That said the Japan ruling is important.

[BitcoinerXX]

~52% of new buy orders are coming from JPN.

Why the sudden interest in Bitcoin from Japan?
I haven't seen a reason given in any of the articles I've read.

i believe japan legalized bitcoin in some regard and there has been an explosion in bitcoin accepting businesses there recently

[MingLee]

Also when will it dip to stabilisation?

I'm thinking that a mix of Bitfinex pushing everything higher due to their users inflating the value on their exchange and speculation on the ETF being reviewed by the SEC again is causing a lot of this bubble, and I do believe that it will correct along with every other altcoin sometime in the near future, or at least that's what I expect. These numbers seem completely unsustainable and there is no other reason beyond speculation and bad information being spread.
I personally believe that Bitfinex is the cause of this, essentially.

[jubalix]

I am some what gladdened coincap is not including finex in their calculations

[rajasumi3]

the price of bitcoin is going rise because there is  a confirmation from sec that needs to be approved,and with the price increase everything will be increase and there will be problem arising of the block size and the fees.

[VoskCoin]

http://www.coindesk.com/sec-orders-review-winklevoss-bitcoin-etf-rejection/

This was my initial thought on a main factor to it rising but the information on 50% japan trading volume is really interesting

[ASHLIUSZ]

~52% of new buy orders are coming from JPN.

Why the sudden interest in Bitcoin from Japan?
I haven't seen a reason given in any of the articles I've read.

i believe japan legalized bitcoin in some regard and there has been an explosion in bitcoin accepting businesses there recently

Japan too is an reason for the ongoing price increase to reach ATH. A sudden increase in the merchants of more than 25k will surely create a big circulation of bitcoin. Now that too in the legalized manner gives the perfect data unlike that happened with China where fake volume were used for pumping.

[Sadlife]

It must be Japan acceptance of bitcoin as payment a method
in good and services and other big businesses there are testing it.

And the other cause maybe is Bitfinex setting everything higher because users is increasing the value on their exchange due to the recent hack but sometimes  just because something is going high it doesn't mean it wll go down, we'll see after a few weeks.