in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing. what do you think affects the price increase of bitcoin today?
Mostly speculation. People are buying bitcoins and expecting to make money when they sell at a higher price.
Yea and I will call the huge spike right now to be as a result of FOMOs rushing in. A lot of investors after the whole speculation going on and a lot interests being generated by top guys, some really would not want to miss out and they are highly expecting that they at least get some profit in the long run without missing the present value.
A lot of news is being expected, so this is expected. I then imagine when some of this news starts dropping.