Nothing fancy.Its halving ,we get it.Came across this article which mentions couple of other good (weird) happenings in the bitcoin world :
The original article :
https://e27.co/bitcoin-price-rally-really-going-20160602/Important quotes for lazy readers :
China’s central bank has set the yuan daily reference rate at 6.5784 on 25 May 2016, the weakest level since February 2011.
Due to restrictions on bank transfers and moving cash out of the country, people have come up with various ways to move their money, bitcoin being one of them. Yuan devaluation can be a factor driving up the price of bitcoin.
Australian police bitcoin auction
Australia police will be auctioning off 24518 bitcoins, worth around USD$12.9m, confiscated as ‘proceeds of crime’. The auction will start at 12.01am AEST on 20th June 2016 and held over 48 hours in tranches of 2000 bitcoins.
Based on past auctions by the US Marshals Service, the events seem to spur investor interest and boosted bitcoin prices before the sale.
The risk is that if the buyers of these bitcoins sell them immediately, they will flood the market and drive down the price of bitcoins.