Any theories behind the explosion this morning?

[hector3115]

Doesn't seem to be news related.  

Correction:  apparently only coindesk has the price at $435 for a 25% increase.  No one else seems to be showing that. Must be a coindesk issue.

[Teppino]

"Dad what happens if i press that button?"

[hector3115]

Lol, I deserve that.  But seriously, check coindesk.  They still got the price at 435.  What's the deal? 

[tarmi]

propaganda

[FNG]

Boost their traffic?

[BlindMayorBitcorn]

Click bait?

[davidorentol]

[hector3115]

well it sure is fun to watch. It's just trading away from 435 to 434 to 435 again.  I would highly recommend it.

[Nagle]

Lake BTC's own site doesn't show a spike. This seems to be Coindesk screwing up all by itself.

Coindesk: "The CoinDesk Bitcoin Price Index provides the latest and most accurate bitcoin price" ... "international reference point"

Yeah, right.  They're obviously not doing any validity checking. If there's a sudden big divergence between exchanges, that's an alarm condition in the real world, where those numbers feed trading engines.

[bigtimespaghetti]

Noticed it too, didn't think anything of it myself.

[sniveling]

They have recently changed their chart to miss out the rise to $435 today. The highest price it now shows for today is about $357. It must have been a glitch in their charting software.

[EternalWingsofGod]

They have recently changed their chart to miss out the rise to $435 today. The highest price it now shows for today is about $357. It must have been a glitch in their charting software.

Yep it was sometimes a site gets a weird loading error and the price spikes for no reason
Then again if only it were so easy to cause bull rallies 

[(Lithium)]

maybe a mistype?

They meant 354, but typed 453 instead

[Omikifuse]

that is what I gain for looking only at Bitstamp.

I lost funny stuff like this

[Francesca]

Any explosion on that day?

[RonPaulBTC]

Maybe someone wanted to cash out for halloween but did the opposite by accident.