Bitcoin surges 17% in sudden move to above $8000

Bitcoin surges 17% in sudden move to above $8000

Change your thinking, change your trading. Change your trading, change your life.

Read this Article Later. Just enter your Email Address.

Bitcoin surged Thursday more than 17 percent in a sudden move to above $8,000 at one point, according to trading on Coinbase. The cryptocurrency hit a high of $8,011 on Coinbase. Trading was volatile and it was 15 percent higher near $7,715 as of 8:54 a.m. ET, according to Coinbase. Bitcoin leaped from a low of $6,786 Thursday morning and some traders are watching whether it can hold above $7,500. The sudden jump forced traders who had bet against the cryptocurrency to buy back into the market. “Once [bitcoin] broke higher, shorts were squeezed and forced to cover,” said Brian Kelly, CNBC contributor and head of BKCM, which runs a digital assets strategy for clients. Bitcoin surges 17% in sudden move to above $8000

thumbnail courtesy of cnbc.com