Another set of reasons that it is rising is because governments, central banks, banks, and Mastercard are taking it seriously and are developing plans and rules

Another set of reasons that it is rising is because governments, central banks, banks, and Mastercard are taking it seriously and are developing plans and rules for cryptocurrencies. They see a benefit in lowered costs for big transactions (think clearing houses), tracking where money goes (whether you think that is good or bad, China sees it as good), automation of money and contracts, and more. I suspect some of the banks are interested in anonymous derivatives, shadow banking, and off the books transactions. These are all very clear motivations for using crypto on a large scale. The news of this is driving crypto up since once these big players get involved the value of some cryptocurrencies will likely skyrocket, though some will also tank as new regulations take effect.