Bitcoin prices have increased due to the fact that the state of New York approved a BitLicense for the Squares Cash App that can now be used for Crypto Trading. The Square Cash App has approximately 7 Million monthly active users, as reported by Square Inc.
Ah, the infamous Bitlicence. Where the guy who ushered it in left after to go into the crypto business himself. Aka put up a huge wall for potential competition.
At least this is good news though. 7 million new potential users is pretty huge.