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

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

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…

Bitcoin (BTC) Frenzy is Like an Infectious Disease Spreading, says Barclays

Bitcoin (BTC) Frenzy is Like an Infectious Disease Spreading, says Barclays

Barclays compares Bitcoin to infectious disease: The investment bank Barclays likens the spread of the Bitcoin (BTC) to that of an “infectious disease” spreading, reports Business Insider Australia. Barclays analysts based their findings on the models that epidemiologists use to track diseases. The models were compared to Bitcoin’s price swings from the past seven years.…