There are too many factors to tease out what's going on at any given moment. There may be upward pressure from what's happening in equity markets and demand for bitcoin as a vehicle currency[1] to get ether, and there may be downward pressure because of a possible hard fork as well as the outage of a major exchange.
If you really knew what caused what with the bitcoin price, that'd be really special information and you'd be a very special person.
You can make your best guesses as to which forces will dominate. And you can be wrong.
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There are too many factors to tease out what's going on at any given moment. There may be upward pressure from what's happening in equity markets and demand for bitcoin as a vehicle currency[1] to get ether, and there may be downward pressure because of a possible hard fork as well as the outage of a major exchange.
If you really knew what caused what with the bitcoin price, that'd be really special information and you'd be a very special person.
You can make your best guesses as to which forces will dominate. And you can be wrong.
These dynamics change as the scope changes.
[1] http://www.answers.com/Q/What_is_a_vehicle_currency