Disclaimer: This information is breaking and might be topic to updates.
Oct. 26 — Bitcoin (BTC) is again above $10,000 for the first time since Sept. 22 after seeing large beneficial properties of 36% on the day as of press time.
Photos courtesy of Coin 360
At the moment at $10,146, Bitcoin has seen a tremendous 24 hours. It had been lingering in the $7,000s vary since Oct. 23.
Solely 9 hours in the past, Cointelegraph reported on a sudden BTC surge to $eight,500. It consolidated at that time till roughly two hours in the past, at which level it started one other spectacular rise.
In keeping with one commentator, this was Bitcoin’s “4th largest achieve in historical past and largest since Could/10/2011 (if evaluating towards each day returns).”
Price knowledge courtesy of Coin360
The sudden bull run has left many speculating. Some attribute it to Chinese language President Xi Jinping’s encouragement of blockchain improvement earlier in the day.
Others might attribute it to the rise in Bakkt’s success, with the platform seeing an all-time excessive of 1,179 Bakkt Bitcoin Futures contracts traded.