Bitcoin Price: BTC Skyrockets $1,000 in Just 60 Minutes, but Why?

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Bitcoin Price

Bitcoin price bounced back this morning in a rather grand fashion, shooting up $1,000 in an hour.

As per CoinMarketCap, the Bitcoin-U.S. dollar (BTC/USD) exchange rate skyrocketed to an April high of $7,796.25 at 04:44:35 UTC. At press time, the cryptocurrency is changing hands at $7,614 and is up 9.76% percent in 24 hours time. BTC’s price is down -18.7% for the month and down -44.7% year-to-date.

Source: CoinMarketCap

Last year, was an astronomical year for cryptocurrency as it caught mainstream adoption. BTC shot up a staggering $20,000 in its ...

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