RATE Group | Bitcoin Has Leapt Sharply Higher — Here’s Why
45649
post-template-default,single,single-post,postid-45649,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin Has Leapt Sharply Higher — Here’s Why

15 Oct Bitcoin Has Leapt Sharply Higher — Here’s Why

Posted at 06:28h in Bitcoin News by

[ad_1]

Bitcoin, which just last week had its first major sell-off in weeks, has this morning jumped more than 5%, powering the world’s largest cryptocurrency back above $6,500 after it looked likely to fall below the psychological $6,000 late last week.

Bitcoin leapt from $6,222 earlier today to early highs of $6,732, according to CoinDesk data. On some exchanges, including the Bitfinex exchange, the bitcoin price climbed to over $6,800. 

The sudden rise in the bitcoin price this morning has been initially put down to a sell-off of the dollar-linked tether digital coin — the only cryptocurrency which is down today, according to CoinMarketCap data.

A smartphone displays the bitcoin market value on the stock exchange via the Yahoo Finance app. (Photo by Guillaume Payen/SOPA Images/LightRocket via Getty Images)

Short, sharp changes in the bitcoin price…

[ad_2]

Source link

Tags:
, , , ,