时间：2026-11-05 02:16:21 来源：网络整理编辑：綜合
Bitcoin has been in a lull in recent months. The largest cryptocurrency's price kept declining throu
Bitcoin has been in a lull in recent months. The largest cryptocurrency's price kept declining throughout 2018, finally finding a bottom at roughly $3,200 last December. Since then, it's been a slow and shaky climb upwards.
On Tuesday, however, the price of Bitcoin surged more than 15% in less than an hour. The price briefly surpassed $5,000 on some exchanges, but is now slowly declining and currently sits at $4680, according to CoinMarketCap.
SEE ALSO:How much do you know about blockchain, cryptocurrency, and Bitcoin?Bitcoin's price is known to be volatile, but this surge is notable as Bitcoin hasn't come close to $5,000 since November 2018. Furthermore, the sudden rise brings back memories of 2017, when such enormous price increases were nothing out of the ordinary.
Feels like 2017 all over again.Credit: Coinmarketcap.comThe reasons behind the price increase, as is often the case with Bitcoin, are hard to discern. The entire cryptocurrency space has steadily been making progress throughout 2018 and 2019 despite the negative price movement, but there haven't been any major new developments around Bitcoin that would prompt such a quick price jump. Notably, even Changpeng Zhao, the CEO of one of the largest cryptocurrency exchanges, Binance, appeared stumped by the price surge as well.
Tweet may have been deleted
In fact, recent news has been fairly negative. A recent report by crypto index fund Bitwise had found that 95 percent of Bitcoin trading volume is fake. The United States Securities and Exchange Commission (SEC) delayed a decision on two possible Bitcoin ETF listings last week. And crypto exchange Bithumb was hacked to the tune of $13 million just last week.
The prices of other major cryptocurrencies, including Ethereum, XRP, EOS and Litecoin, all jumped considerably, though not as much as Bitcoin. The total market capitalization of all cryptocurrencies currently stands at $158 billion.
Disclosure: The author of this text owns, or has recently owned, a number of cryptocurrencies, including BTC and ETH.
TopicsBitcoinCryptocurrency
Did our grandparents have the best beauty advice?2026-11-05 02:04
Tiger Woods continues making suspect decisions, golfs with Donald Trump2026-11-05 01:12
'The Daily Show' made a perfect Donald Trump2026-11-05 01:11
Charlie Sheen just made Debbie Reynolds' death about Trump2026-11-05 01:01
Here's what 'Game of Thrones' actors get up to between takes2026-11-05 00:46
Machine learning will make sure no one steals your logo2026-11-05 00:36
This airline sacrificed a goat on the tarmac before its flight took off2026-11-05 00:09
'The Daily Show' made a perfect Donald Trump2026-11-05 00:02
Olympian celebrates by ordering an intimidating amount of McDonald's2026-11-05 00:01
The latest Run the Jewels album is out now, three weeks early2026-11-04 23:29
Katy Perry talks 'Rise,' her next batch of songs, and how to survive Twitter2026-11-05 02:07
5 easy tricks to make your iPhone storage last longer2026-11-05 01:58
Coachella 2017 lineup features Beyoncé, Radiohead and...Hans Zimmer?2026-11-05 01:45
Machine learning will make sure no one steals your logo2026-11-05 01:16
Give your kitchen sponge a rest on this adorable bed2026-11-05 00:57
Cinnabon fails the galaxy with terrible tweet about Carrie Fisher's death2026-11-05 00:49
Twitter's head of China leaves after just 8 months2026-11-05 00:43
The U.S. government wants to see Twitter and Facebook accounts of foreign travelers2026-11-05 00:34
Katy Perry talks 'Rise,' her next batch of songs, and how to survive Twitter2026-11-05 00:26
How to never touch anyone ever again2026-11-04 23:35
