Purely skin deep view. From my experience movement like this is based off a unholy cocktail of day traders, scalpers and fomo'ers(and/or mum-dad investors).
I'm sure if you went to the dt thread BIT would be centre stage.
That does not mean there isn't money to be made. As long as corona is still feared and BIT prints out corona related ann's. This will definately swing a few more times.
Disclosure: not holding BIT, but I am on the sidelines waiting.
