i've been observing price movements all day and it seems really fishy that huobi is always dragging all other exchanges up so much.
Something is happening in China now, either some few big hands, or either the MMM thing.
China's population is so big that you will find relatively much more people to go in a ponzi. That huobi looks like a ponzi to me.
Just to be honest.
Bitcoin marketcap is not so big. One chinese millionaire who wants to invest in bitcoin may be enough to cause that move. Besides, a lot of people were waiting the end of the bear period to buy.