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Bitcoin spikes 14% in less than an hour

Video Credit: Wochit Business - Duration: 00:34s - Published < > Embed
Bitcoin spikes 14% in less than an hour

Bitcoin spikes 14% in less than an hour

Bitcoin surged more than 14% in less than an hour Thursday morning, bringing the world's largest cryptocurrency closer to the $8,000 level that it has not seen since March.

Despite the steep gains, the price is still less than half of its record high of $19,843 set in December.

Earlier this week, Barclay's said bitcoin is unlikely to ever top that record again, based on modeling that compares the cryptocurrency to the spread of a virus like influenza.


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