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Bitcoin surges 17% in sudden move to above $8,000
Tae Kim | @firstadopter
Published 45 Mins Ago Updated 4 Mins Ago
CNBC.com

https://www.cnbc.com/2018/04/12/bitcoin-surges-10-percent-in-sudden-move-to-above-7500.html





Artur Widak | NurPhoto | Getty Images
Bitcoin surged more than 17 percent in a sudden move on Thursday to above $8,000, according to trading on Coinbase.
The cryptocurrency hit a high of $8,011 was trading about 11.5 percent higher near $7,645 as of 8:19 a.m. ET, according to Coinbase. Bitcoin leaped from a low of $6,786 Thursday morning and traders are watching whether it can hold above $7,500.
Bitcoin had been suffering from tax-related selling in the run-up to the U.S. tax deadline on April 17. Some traders indicated Thursday's move could be an unwinding of that pressure.