As many crypto-savvy people expected, Bitcoin made a spectacular jump in the last few hours, going from $4,105 to $4,708, according to Coindesk Bitcoin Price Index:
I'm using this tool instead of Coinmarketcap, as it is a bit more conservative, hence, probably more accurate than CMC, which sometimes may be a bit inflated.
I do not know what ignited the jump, but it may be related to the fact that tax season is over, the bear market bottomed a few months ago, and some whales are trying to see if the bull season may be started.
As expected, STEEM took a hit and it now trades just a tad under 10k satoshis (after diving under 9k for a few minutes), but it stabilizes around that level.
I say this hit is expected because, traditionally, when Bitcoin showed signs of growth, a lot of value in alts poured into it, hence drawing the alts price down. Once Bitcoin stabilizes after the jumps, some value stored in Bitcoin will be then redirected back into the alts, hence drawing the alts price high. This lever-like mechanism functioned since the alts became relevant in crypto, and has been seen all over the 2017 bull run.
Although the jump is the most significant in months, I'm still relatively cautious. A hard correction may come at any moment. Nevertheless, I see some signs of crypto spring.
As usual, this is not investment advice, do your own research and never invest more than you can afford to lose.
Steem on!
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me 
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