What's the bitcoin rally about this time then ?
Keeps adding $10 a day.
Dash is proving very resistant to this rally and managing to ride the fiat wave for the most part. Almost no volume on the dips. Valuation tight-elastic.
(But I'd still like to know what's driving it: TA ? (1-week EMA crossover), Gemini ?, China safe-havens ? Public panic ? The media -throwing-in-the-towel-on-trying-to-convince-people-of-a-distinction-between-"blockchain-tech"-and-bitcoin ?.....add your favourite fundy.
this is what Coindesk has to say about it :
http://www.coindesk.com/bitcoin-price-breaks-260-to-hit-two-month-high/
This week has seen a sudden surge in bitcoin trading volume, driven predominantly by the Chinese exchanges Huobi and OKCoin.
On Wednesday, 1.29m BTC was traded in total the highest amount since 26th January. OKCoin accounted for 48% of this volume.
Bobby Lee, CEO of Chinese exchange BTCC, told CoinDesk his platform has seen a significant volume increase, though he dismissed much of his competitors' volume as "artificial".