Two weeks ago btc was around 640$, yesterday I checked and it was 705$ and today it's 720$.. It jumped up for 80$ in period of just a couple of weeks. What are your thoughts? Will it continue to rise like this, at what point will it stop going up and whats the cause of the sudden price jump
It seems that the stable price set on $740s as many factors affecting bitcoin in good way such as CNY inflation and bitcoin got higher demand there, end of the year is coming and speculation about the price reach $1000, latest news about shops at the Passage du Grand Cerf in Paris accepted bitcoin payment, so everything going fine and demand of bitcoin created high price.
What interesting is every time financial crash or vulnerability of fiat system occurs will affect positively on bitcoin due to people looking for reliable currency that doesn't affected.