Bitcoin Price Tops $8,000 Mark, Breaking Out After Rapid Spike

Bitcoin surpassed $8,000 following a long slump that saw the digital currency hit lows of $6,600 earlier in the week

Fri, 13/04/2018 - 12:16

Bitcoin Price Tops $8,000 Mark, Breaking Out After Rapid Spike

Cover image via U.Today

The Bitcoin price is back over $8,000 for the first time since March 26 as the digital currency experiences a bit of a bull run. The Bitcoin price spiked $1,000 in a matter of 30 minutes on April 12, sparking this run.

The markets have appeared green for most of the week with steady growth helping push up most, if not all, coins. However, it was the spike on April 12, that took Bitcoin from $6,800 to $7,700 that really jump-started the rally.

The spike in price is being put down to a mysterious buyer who appeared on the playing field and began to buy up Bitcoin at the market price of $6,800. He lit a green candle the likes of which we have not seen since November 2017.

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About the author

Darryn Pollock

Darryn Pollock is an award winning journalist from Durban, South Africa. He picked up Vodacom’s Regional Sports Journalist Award in 2017 while expanding his Blockchain and cryptocurrency reach. He is a contributor to Forbes, Cointelegraph, Binary District, and of course, U.Today. Darryn’s belief is that Blockchain technology will be the driving force of the next technological wave and it is the obligation of journalists and writers to tell its emerging story with integrity and pride.