Stamp Whale is not yet dead. Watching his stupid bot knock the chart around on bitcoinity gives me a headache. Huge market orders from whale bulls hurt him, because it forces him to buy back in at a loss. This is how Stamp Whale will be defeated. That is assuming that Bitstamp is solvent and the stampwhalebot isn't a creation of an insolvent exchange trying desperately to keep the price down.
This is dumb. We should all ask why. It's fundamental to our understanding of how bitcoin works. Only the dumb people don't ask questions. As to why it's rising? It's China. They're the ones buying. Why are they buying? Because their dickhead government is trying to limit how much you can send money out of China. Even a dummy knows how to circumvent it, by converting CNY to BTC, they all know BTC can be sent freely outside of China.
Yep.....but the $64K question is, to what extent is the humongous volume on the likes of Huobi, totally fake, and a means of ramping USD exchanges for the Capital Control Dodgers to cash out on?
From a country that has produced, everything from 'fake' electronic goods to fake food (seriously, rice made from plastic), ya think someone somewhere, operating in the realm of UNREGULATED Bitcoin exchanges hasdn't got the quaint idea of fake Bitcoins?
why is it rising? 
