时间：2025-11-22 11:31:32 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
The U.S. will no longer have the final say on internet domain names2025-11-22 11:31
'Hedgehog Officer' is the most delightful job title in all the land2025-11-22 11:16
Rage over Kevin Durant's move shows how team owners hoodwink common fans2025-11-22 11:09
That's not the Batmobile. It's Ferrari's new, already2025-11-22 10:51
Florida hurricane forecast remains uncertain, but trends in state's favor2025-11-22 10:09
We all need to work together to democratically water this plant named Jeff2025-11-22 09:23
Frank Ocean mercilessly teases fans with mysterious new album update2025-11-22 09:18
New 'Game of Thrones' jewelry line gets us a little closer to being Khaleesi2025-11-22 09:13
Did our grandparents have the best beauty advice?2025-11-22 09:06
'Pokémon Go' is finally out, but not for everyone2025-11-22 08:53
Balloon fanatic Tim Kaine is also, of course, very good at harmonica2025-11-22 11:18
We guess you could display flowers in this suspiciously NSFW vase2025-11-22 11:00
'Pokémon Go' players are taping their phones to ceiling fans to hatch Eggs2025-11-22 10:55
Gorgeous drone footage captures couple sex'ing in a church steeple2025-11-22 10:35
J.K. Rowling makes 'Harry Potter' joke about Olympics event2025-11-22 10:32
Demi Lovato strips down for sultry new single, 'Body Say'2025-11-22 10:08
Devastating R.I.P. video will make you mourn for Sydney's lost nightlife2025-11-22 09:55
Typhoon Nepartak slams Taiwan, threatens China with more flooding2025-11-22 09:38
Mall builds real2025-11-22 09:03
Amazon Prime Day: The best deals on smart home gadgets2025-11-22 08:55
