Bitcoin jumps above $8,000, bringing gains this week to more than 18%
Bitcoin traded near $8,111 as of 11:56 a.m. ET Friday, up 18.9 percent for the week, according to Coinbase.
The cryptocurrency hit $8,204 earlier in the day, its highest since late March.
The gains followed a sudden spike Thursday from a low of $6,786 to above $8,000. The move forced traders who had bet against bitcoin to buy back into the market, or cover their shorts
Other cryptocurrencies also jumped Friday. Ethereum traded about 4 percent higher near $512, while ripple rose roughly 7 percent to 67 cents, according to CoinMarketCap.
I have been writing posts about what may happen to bitcoin in the coming days and I also said that bitcoin will rise in my last post.
And Im saying that again it may jump in the coming weeks.
What are your thoughts? Lets hear 👂