the price has been rising steadily for some weeks now. These last few days, the rise is has been bigger in relation to past periods. now in the last few hours and after bitcoin price nearing almost $270 we see a huge crash.
There's a lot of explanations for this price behavior... what's yours?
It's just standard supply demand. Hard to tell if it's actually linked to any one particular event - although at the moment it doesn't look like it. People have always been speculating about what causes the price shifts - but the reality is that just like a majority of the markets elsewhere there is rarely a singular cause to random fluctuations.