The top reasons are:
Bitcoin SegWit2x hard fork in November 2017 will speculate higher dividends do to bitcoin creating two separate versions of the most popular cryptocurrency. As of October 13th 2017 bitcoin hit a high of 5,670 usd nearing to the 6 k mark. Many of the other crypto coins are being dumped and being invested in bitcoins, this is why you are seeing other coins plummeting in price.
There are many speculations that Amazon will adopt bitcoin to its platform. Ebay may tag along and the biggest retail giant Alibaba will follow soon thereafter.
Bitcoin exchanges in China were endangered of being ban, but recently there is speculation that China may license the digital currency exchanges to continue trading.
Wall Street is now looking into adding bitcoin to its trading platform. As bitcoin keeps growing in record numbers Wall street is giving more attention to the digital currency while the price is being hyped up by the recent hard forks making it more popular to be mass adopted by the retail giants and other platforms.
