I don't get all the excitement about such a small price rise. This valuation is still only 1% of what it needs to be...
I'm not sure I'd call +$100 in less than a week "a small price rise"...
What makes a significant rise cannot be measured nominally.
Bitcoin has now risen 50% since its last bottom and approx 25% in a week, most of which happening in the last couple days.
People are getting excited because this is sending very strong buy signals to the market.