BITCOINS are on fire !! The value has hit $400 omg. Cool down Chinese stash your black money somewhere else, damn it.
This is Gox led...
Actually this move is being led by Bitstamp (together with btc-e perhaps), they've already broken their ATHs yesterday. Gox is just lagging behind, and now China is ironically enough the latest to break their ATH. But they already took a big lead earlier on, so maybe they're just waiting for the rest to catch up now.
Uh, no. That was all Gox. China was barely moving and Stamp was only a tad bit better than that.
Stamp moved from 350 to 375 to break their ATH yesterday while Gox was just sitting there. Only just now Gox started moving, so I see it as a lagging response to Bitstamp's earlier move. Maybe Gox users were thinking Stamp was just performing a classic bull trap, and wanted to wait it out first.
*sigh* Pointless to argue with him, there's a reason why coinseeker is on my (rather small) ignore list.
Anyway, Price alone isn't enough to say where the impulse came from, IMO, volume factors in as well.
15 min weighted close paints a slightly more differentiated picture:
the current run up started minimally earlier on mtgox, yesterday evening.
then the first *real* push (price and volume) happened around midnight on bitstamp.
mtgox actually retracted quite a bit in the morning, bitstamp didn't give a shit and continued the climb, then mtgox made up their mind and shot up.
All in all, nobody clearly "leading" this one, but if any exchange put slightly more weight behind the move, it was bitstamp, not gox.
