Hey guys, I hadn't checked prices for a while and I did so today and noticed that everything is skyrocketing. Obviously this is because BTC is moving up but do we have any idea why things started moving up all of a sudden?
I have no source on what I know because its coming from the friends discussion who was telling me other day that someone bought BTC worth 1.2 Billion dollar yesterday thus the market is having spare space for the sellers to dilute them. The net effect was speedy pump of the BTC. Also I do believe that this overcame the market drop that was caused because of the Mt. Gox dump last month. I mean the money that was invested was almost the same or more than that thus making it perfectly balanced to spike the whole BTC market. Off course other coins will always follow the path once they see they BTC coming up. The news is rough but I will surely put link if I found one.