Just today morning, I saw bitcoin price was around $69,000 and now its more than $72,000. This shows how volatile and rewarding this market can be. But can someone explain, what caused such a big jump in such a short time and what are the other factors that contribute to the price change?
Supply and Demand. That's all to it. There are more buyers than sellers hence, the price increased.
There are no significant events that happened in the last few days and TBH, this kind of market movement are pretty much normal especially if you're into crypto for a long time, and you've seen how the market is moving. You will also say that a ~$3,000 price increase or decrease is a very normal scenario.
Other factors that contribute to price change? This isn't related on what happened a few days ago, but this is in general. Factors such as the news can be one. Significant events can be one as well like the recent Spot Bitcoin ETF being accepted, and the upcoming Bitcoin halving event, and many more.