Bitcoin Rallies Close To 40% In 24 Hours
Bitcoin prices have risen sharply today, climbing upwards of 40% and breaking through the psychological $10,000 level after suffering a rough few days.
The world’s most prominent digital currency reached as much as $10,332.41 around 9:45 EDT, CoinDesk figures show.
At this point, the cryptocurrency was up 39.8% from the intra-day low of $7,393.26 it fell to earlier in the day, additional CoinDesk data reveals.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
Much of the day’s gains took place within short periods of time, as bitcoin rose sharply during a few hours between the late morning and early afternoon, and then enjoyed another strong rally that started after 8 p.m. EDT.