financial news and information on Invest & Finance Securities

Bitcoin jumps above $8,000, bringing gains this week to more than 18%

0


Bitcoin climbed again Friday, reaching its highest since late March.

The cryptocurrency briefly rose more than 6.5 percent over the last 24 hours to a high of $8,204, its highest in more than two weeks, according to Coinbase.

Bitcoin traded near $8,111 as of 11:56 a.m. ET Friday, up 18.9 percent for the week.

The gains followed a sudden spike Thursday from a low of $6,786 to above $8,000. The move forced traders who had bet against bitcoin to buy back into the market, or cover their shorts.

Other cryptocurrencies also jumped Friday. Ethereum traded about 4 percent higher near $512, while ripple rose roughly 7 percent to 67 cents, according to CoinMarketCap.

Source link

قالب وردپرس



Source link http://cryptonews.gdn/bitcoin-jumps-above-8000-bringing-gains-this-week-to-more-than-18/

Leave A Reply

Your email address will not be published.