Why is the price rising so fast today.

[cosmofly]

AFAIK there hasn't been real good news today, so I guess it's just some manipulation by people pumping and dumping.

Well said

[InCoinsITrust]

Is really now easier to trade BTC in UK ?

[gentlemand]

As far as I know VAT was never fully implemented, that was their idea for a while. It'll make things clearer so more infrastructure will arrive. What the UK really needs is a bank to get on board.

[Operatr]

Well, there is:

The final death of Mt.Gox, easing speculator sentiment back to buying now that we've seen the market reaction since, no new outbreaks of exchange stupidity detected since. I think this is honestly most of it right now. Banks are open today so people can start buying again.

Ukraine/Russia scrambling to save their banking systems (Cyprus 2.0 on the way? Highly possible). This also came with a serious downturn in Russian stocks today.

     And for that matter, the collapse of emerging markets and their currencies (Bosnia, Argentina, Turkey, etc), possibly driving new users into Bitcoin that want/need out of their banks before they collapse    and/or induce more Cyprus style "haircuts" on their own customers money.

UK killing their Bitcoin tax policy, or at least rethinking it


In the end who really knows though, everyone has their own reason to buy while Bitcoin reacts to the world, and the world finally reacts to crooked banks and corrupt governments.

[JimboToronto]

How about, markets are complex and there is more than one reason 

I'm going out on a limb here and saying it has something to do with the relationship between supply and demand. 

There is a limited amount of Bitcoin.

http://en.wikipedia.org/wiki/Bitcoin

Bitcoin is a deflationary currency.

All of the above.

[lemfuture]

idk..if theres one thing im sure of, i hate it x[. now my paycheck buys alot less bitcoin

[akujin]

It's just a whale feeding his fishy so he could eat them when they're fat enough

[spazcoin]

Interesting watching the mainstream news articles right now ... I hope that Russia isn't actually trying to grab back a piece of Ukraine.  But that's definitely why the price has spiked.  Russian stock market dropped 10% today, currency traders on Moscow streets are running out of foreign currency, and gold is up 1.4%.  Every time there's a world crisis, Bitcoin goes up by 10-20%.  Cyprus, Syria, now Ukraine.

http://www.ft.com/cms/s/0/176d4052-a2c0-11e3-9685-00144feab7de.html#axzz2uwWLExO9

[Tzupy]

Why do people need to find extra-market explanations? It's just the 4h MACD crossing.

[akujin]

woohoo! China wake up and continued the pump! Then after 3 more hrs, russia will pump next XD

[cbutters]

woohoo! China wake up and continued the pump! Then after 3 more hrs, russia will pump next XD

Thats the great thing about bitcoin it doesn't care about times zones.... if we get enough countries on board the pump will never stop and run at all times of the day

[antimattercrusader]

Someone is pumping that BTC pussy.

[akujin]

Damn! I fell asleep and miss Russia's pump to 700! I miss that extra 3% profit!

[michaelzhang]

see our short analysis here:
http://www.bit-sky.com/index.php/english/429-20140304-14-10-trend-analysis-of-democurrency