Bitcoin price LIVE: BTC jumps $400 in one hour – Is bitcoin about to skyrocket? | City &…

DAILY HEADLINES

Good afternoon and welcome to our rolling coverage of all things cryptocurrency, including price, innovation, regulation and financial crime. 

An unexpected spike sees bitcoin climb by more than $400 in just a single hour, as the market surges into the green again. 

Bitcoin is up by 1.09 percent on the day to trade at $6,477.72, though prices leaped by $370 to sell for $6,816.72 at 2am. 

Ethereum rose 1.72 percent to trade at $298.91.

Ripple is soaring by 8.61 percent to sell for $0.316306.

Litecoin also rose 1.59 percent to trade for $57.43.

A stunned market watched bitcoin prices soar this morning to a two-week high before sliding slowly back to resistance but is this a sign of a resurgence. 

3.50pm UPDATE: Smartphones could be assisting hackers in cryptocurrency mining

Cryptojacking, or hacking into a smartphone to assist in illegal cryptocurrency mining, is the latest tool in the hackers arsenal to benefit from unknowledgeable consumers. 

Cryptojacking consists of…