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Bitcoin price increase reason : Why does Bitcoin price go up ?

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Bitcoin price increase reason : Why does Bitcoin price go up ? The most popular cryptocurrency Bitcoin has recorded a remarkable price increase within two consecutive days (25 october 2019 and 26 october 2019) leaving serious questions about why did the bitcoin price go up ? What were reasons behind Bitcoin price rise on 25 october 2019 and 26 october 2019 ?

Potentially affecting reasons :

1- Chinese President Xi Jinping made a statement yesterday on blockchain technology, saying the country should implement the technology across the economy.

2- Expiration of CME Bitcoin futures contract

These two important developments are thought to have moved the Bitcoin price upwards.

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