After seeing colossal gains on the day, Bitcoin has broken back into the 10,000 range.
Disclaimer: This news is breaking and will be subject to updates.
Oct. 26 — Bitcoin (BTC) is back above $10,000 for the first time since Sept. 22 after seeing massive gains of 36% on the day as of press time.
Images courtesy of Coin 360
Currently at $10,146, Bitcoin has seen an amazing 24 hours. It had been lingering in the $7,000s range since Oct. 23.
Only 9 hours ago, Cointelegraph reported on a sudden BTC surge to $8,500. It consolidated at that point until roughly two hours ago, at which point it began another impressive rise.
According to one commentator, this was Bitcoin’s “4th largest gain in history and largest since May/10/2011 (if comparing against daily returns).”
Price data courtesy of Coin360
The sudden bull run has left many speculating. Some attribute it to Chinese President Xi Jinping’s encouragement of blockchain development earlier in the day.
Others may attribute it to the rise in Bakkt’s success, with the platform seeing an all-time high of 1,179 Bakkt Bitcoin Futures contracts traded.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.