http://www.marketwatch.com/story/bitcoin-soars-to-a-new-all-time-high-above-5100-2017-10-12?siteid=yhoof2&yptr=yahoo
This is obviously the work of someone or a syndicate spreading a rumour that China will allow bitcoin trading to resume soon which sparks the spike in bitcoin price.
China will never do a policy u-turn in such a short time.
Bitcoin is just a manipulated commodity by a small group of people.
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