RATE Group | Bitcoin Smashes Through $10,000 As Bull Run Suddenly Accelerates—Here’s Why
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Bitcoin Smashes Through $10,000 As Bull Run Suddenly Accelerates—Here’s Why

09 Feb Bitcoin Smashes Through $10,000 As Bull Run Suddenly Accelerates—Here’s Why

Posted at 06:42h in Bitcoin News by

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Bitcoin has climbed back above the psychological $10,000 per bitcoin mark for the first time in five-months—though some other smaller cryptocurrencies are leaving it in the dust.

The bitcoin price, up some 40% since the beginning of 2020, smashed through the key $10,000 barrier to hit highs of $10,127 on the Luxembourg-based Bitstamp exchange earlier this evening—adding 4% over the last 24-hour trading period.

The sudden jump in the bitcoin price comes as bitcoin traders and investors are gearing up for the looming May bitcoin halving event, which will see the number of bitcoin rewarded to miners cut by half.

“Bitcoin just hit $10,000,” Anthony Pompliano, the cofounder of bitcoin and crypto investment group Morgan Creek Digital, said via Twitter. “I still think that bitcoin will hit $100,000 by end of December 2021,” pointing to bitcoin’s “fixed…

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