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.
the last auction of silk road coins is coming up on Nov 5th, they are pumping up the price so the bidders pay top dollar
That was my first guess, but we also need to remember that the block halving is finally approaching and it must get priced-in at some point. Either the mining costs get cheaper, the hashrate drops or the price must go up. I don't think the current miners are going anywhere, so if something's gotta give it's going to be price.