Crypto News: Bitcoin price latest: Cryptocurrency value rockets by more than $1,000 in bizarre surge

The price of bitcoin has shot up by more than $1,000 in a bizarre price spike for the cryptocurrency.

The volatile virtual currency rose from below $7,000 to briefly reach above $8,000 in an unprecedented surge that follows several months of steady decline.

It is not yet clear what has caused the value to increase by such a large amount, with some analysts speculating that breaking the $7,000 price point sparked a surge in bitcoin investment.

"Today’s rise doesn't appear to be driven by any significant news stories," Ed Cooper, head of mobile at fintech startup Revolut, told The Independent.

Full story HERE

Source: Independent

 

 

 

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