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Bitcoin’s mad 10% spike could have been a short squeeze

Bitcoin jumped about 10% against the dollar on Tuesday in just 20 minutes, with no obvious news to spur the price rise. Here's what analysts are saying about it.
Former Apple CEO Steve Jobs pictured in 2001.

The crypto boom is like the dotcom bubble but that’s not a bad thing: ‘Selling crypto now is like selling Apple in 2001’

Yoni Assia, the CEO of eToro, told BI this week: "95% are going to end as nothing because that’s startup funding." Many others in the industry agree. But those that do survive have the potential to be huge, he believes.
A trader works on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, NY, U.S. December 13, 2016.

Here are all the theories explaining the crypto market crash

Analysts are variously blaming: concerns about regulation, light trading volumes in Asia, bitcoin futures, and an unsustainable price run-up for the crash.