RATE Group | Bitcoin Surges 13% In One Hour As Intense Volatility Continues
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Bitcoin Surges 13% In One Hour As Intense Volatility Continues

18 Jul Bitcoin Surges 13% In One Hour As Intense Volatility Continues

Posted at 19:50h in Bitcoin News by

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Bitcoin prices continued to experience sharp gyrations today, rising nearly 13% in roughly an hour as the highly leveraged digital currency markets responded to the latest developments surrounding libra.

The first cryptocurrency to scale climbed from roughly $9,282.64 to $10,472.86 between 10:10 EDT and 11:13 EDT, appreciating 12.9% in little more than 60 minutes, CoinDesk data shows.

The digital asset then extended these gains, reaching an intra-day high of $10,671.10 by approximately 12:30 EDT, additional CoinDesk figures reveal.

These latest price movements took place the day after the cryptocurrency fell to nearly $9,000.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] 

Libra Occupies Center Stage

“Bitcoin has been extremely volatile with all the…

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