Bitcoin Unexpectedly Maintains its 13% Gain, Remains Above $7,800 as Market Strengthens
Bitcoin, the most dominant cryptocurrency in the global market, recorded a 15.94 percent increase in value, from $6,900 to $8,000. The price of the cryptocurrency rose by $1,100 within a 30-minute window, as massive buy volumes emerged.
Some reports suggested that bitcoin had processed the most amount of trades within a one-hour period on April 12 than any other day in its 10-year history.
While this data is difficult to confirm given that the trading volume of all cryptocurrency exchanges in the global market would have to be analyzed, bitcoin has rarely seen a sudden 16 percent increase in its price, primarily because of its large market valuation and high daily trading volume.