Newsflash: Bitcoin Price Jumps to $5,848, Up Nearly $500 in a Day

Samburaj Das @sambdas
October 26, 2017

It has been a day of gains for bitcoin price in Thursday’s trading as price struck $5,848 following a sharp spike before midday (UTC).

Bitcoin prices slipped this week following the Bitcoin Gold hard fork, leading to a sell-off by traders to stake their bets on altcoins. However, a lack of support for the new cryptocurrency has seen traders flock back to bitcoin with prices recovering after a week-long slump which saw price strike a low of $5,365 (Bitfinex) yesterday.

On Thursday, bitcoin price has continued its climb to reach a high of $5,848 at press time, gaining $483 from its lowest level yesterday.

Developing…Stay tuned for today’s market analysis.

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