RATE Group | Did the Bitcoin Price Just Spike 12% in 15 Minutes? CoinMarketCap Says So 
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Did the Bitcoin Price Just Spike 12% in 15 Minutes? CoinMarketCap Says So 

05 Aug Did the Bitcoin Price Just Spike 12% in 15 Minutes? CoinMarketCap Says So 

Posted at 08:53h in Bitcoin News by

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Bitcoin’s price may have experienced multiple spikes Friday, according to CoinMarketCap, after the owner of the New York Stock Exchange announced plans to launch a digital currency platform and a bitcoin futures market.

Bitcoin Price

CoinMarketCap data showed a 12% spike in bitcoin’s price in the span of just 15 minutes. Based on the numbers, the coin reached a high o$ $8,406.40. Over the next 20 minutes, bitcoin’s price would reverse all the way back to the $7,500 range. Interestingly, Bitfinex and other cryptoucrrency exchanges are not reporting on the increase.

However, in addition to CoinMarketCap, the author can confirm that CoinSquare, a Canadian exchange, also charted bitcoin’s volatile spike on Friday. At press time, the sudden swings appears to have been smoothed out.

In terms of trading volumes, CoinMarketCap reported a total market turnover of $43.4 billion at the peak of bitcoin’s sudden rally. Now, volumes are back down to the $8 billion…

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