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

Posted in: Archive
October 26, 2017 1:46 PM UTC

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…

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.

Last modified: May 21, 2020 9:10 AM UTC

Samburaj Das @sambdas

Samburaj is the Editor for CCN, among the earliest and foremost publications covering financial and blockchain news. He has authored over 2,000 articles for CCN. Email him samburaj(@)ccn.com or find him barely tweeting @sambdas

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