We are more interested, though, in the long-term potential of Bitcoin forming the backbone of a new international financial system which will see long-term interest in the asset. The upward price is also in line with the longer-term trend. As a result of the price fluctuations, there is more interest.
There are a number of factors which are believed to have driven the price rally:
Cryptocurrencies have seen many price spikes and many drops. If you review the trend over the past 10 years, the price continues to rise despite these movements. At the moment any buying of Bitcoin tends to lead to a period of speculation, which is the ongoing theme for the currency, so we expect more volatility to follow, as we have seen with many similar waves over the past few years.