And as of right now, Bitcoin is climbing well above $8700. That's a 17.5% gain in the last 24 hours, and I'm not sure it's going to stop. What's all this about now? Flash crash of 5% and 10%? And then serious cray crazy gains to make up for it all in just 2 hours?
Did we say October was going to be dull? I know I was thinking it would be bloody, even this took me by surprise. Anyone got a genius explanation?
I have yet to see an explanation that is satisfactory about why the price went up in such a way, at least to me there are only two explanations that makes sense, the first one is the most simple that the demand simply increased because a bunch of investors with a lot of money decided it was a good idea to buy bitcoin, but the second explanation is that this was done by the whales in an attempt to manipulate the price, I'm not so sure what they are trying to achieve with this but I'm not them and I do not know what they're thinking.