Don’t know if you’ve been watching what’s happening but apparently there’s around 750,000 newbs registering new accounts at exchanges globally every day now. Most of those were in the USA this last week with one US exchange gaining around half a million newbs a day.
The sharp increase in newbs has been going on for around a week now and as the US $10K bitcoin mark is only a few days away, that’s going to bring more newbs in.
I think it’s the newbs bringing new money in that is behind today’s IOTA jump in price but can’t claim this as fact.
If you have some info, do share.
I want it to be more than a whale who is margin trading bitcoin and buying up IOTA with his bitcoin margin gains but as I said, I don’t know- it just looks like newb money is behind the rise today.