Newsflash: Bitcoin Price Spikes Near $6,800 in Crypto Market Bounce

Bitcoin price shot upwards with bullish momentum on Wednesday’s trading, hitting a 13-day high of $6,784 (Bitfinex).

In yet another effort to push toward $7,000 in what has largely been a bear market for much of 2018, the world’s leading cryptocurrency jumped 2.5 percent in an hour during Wednesday’s trading amid overall 10 percent gains in a seven-day period.

After a steady trading period above $6,500 for much of the day, bitcoin price spiked from $6,550 at 13:10 UTC to a new July high of $6,784 within 5 minutes.









Despite a pullback, bitcoin is currently trading above $6,700 at press time.

IOTA is the biggest gainer among the top coins during today’s overall rally, leaping nearly 5 percent. Bitcoin Cash and EOS are the other big performers among the large-cap cryptocurrencies.

The overall cryptocurrency market has seen marked gains this week, raking in $25 billion since the turn of the month. The overall value of the entire crypto market cap is currently above $275 billion, according to data from Coinmarketcap.




Featured image from Shutterstock.

2 thoughts on “Newsflash: Bitcoin Price Spikes Near $6,800 in Crypto Market Bounce

  1. If you buy BTC just because of the Bitcoin name you might be in for a very rude awakening. If you do not understand the blocksize debate, or the role of Blockstream in Bitcoin (BTC) then you owe it to yourself to learn about these things. Ask yourself what is Bitcoin (BTC)’s value proposition. This is a coin that if more than 200K transactions are made per day, a backlog develops and after that only the highest fees transactions go through. Currently this is about $0.10 but as recently as December these fees were over $100. But this is not an accident and its not a technical flaw – Bitcoin (BTC) has been designed to be this way to meet Blockstream’s roadmap for BTC. That is BTC is to remain crippled and to make up for that, 2nd layer solutions like LN take over. If you agree that Bitcoin (BTC) could never have worked as Satoshi Nakamoto designed it and believe that Blockstream has a good roadmap – by all means invest in BTC. For others who believe Bitcoin worked just fine until Blockstream interfered, then Bitcoin Cash (BCH)is the closest coin that matches the original definition of Bitcoin as described in the original white paper by Satoshi Nakamoto. Do not invest blindly – know the technology so you can pick the roadmap that fits you. Bitcoin Cash (BCH) is the better Bitcoin. Join us at reddit.com/r/btc

  2. In awe of that anrwes! Really cool!

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