@trendwizard - because the other altcoins don't seem to be on bitcoin's coat tails, this upward trend makes me suspicious. Long term I'm very bullish on bitcoin and other crypto's, but we have a looming fork in the near future.
Maybe news of China's ban being temporary is the cause. I still haven't seen an explanation for the above though.
People exchanging their alts to btc for the upcoming fork. That's all this.
I don't really keep track of the news, I just watch the patterns unfold.