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

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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.

Click here for a real-time bitcoin price chart.

Developing…stay tuned for a market round-up.

Featured image from Shutterstock.

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POSTED IN: Bitcoin Price News, News
Samburaj is the Editor for CCN, among the earliest and foremost publications covering blockchain, cryptocurrency and financial technology news. He has authored over 1,500 articles for CCN and is invested in Bitcoin. Email: [email protected]