The price increase was due to the false implication of Tether being discontinued. So people (including meaning large wallets) did what they had to do to ensure they wouldn't get stomped out. Turns out it was a bunch of crap. So that's why it only lasted a few brief ticks. $1000 increase in a short span was good fro the rest of the market. It added a nice bit of change to other altcoins. The altcoins are doing pretty good numbers also. Be wise my friends it is a dog eat dog sport. Let's eat!
RE: All That Bitcoin Action - Yet We Went Nowhere