[2017-10-26]Newsflash: Bitcoin Price Jumps to $5,848, Up Nearly $500 in a Day

[dYnamxX]

It has been a day of gains for bitcoin price in Thursday’s trading as price struck $5,848 following a sharp spike before midday (UTC).

Bitcoin prices slipped this week following the Bitcoin Gold hard fork, leading to a sell-off by traders to stake their bets on altcoins. However, a lack of support for the new cryptocurrency has seen traders flock back to bitcoin with prices recovering after a week-long slump which saw price strike a low of $5,365 (Bitfinex) yesterday.

On Thursday, bitcoin price has continued its climb to reach a high of $5,848 at press time, gaining $483 from its lowest level yesterday.

Source https://www.cryptocoinsnews.com/newsflash-bitcoin-price-jumps-5848-nearly-500-day/

[glowing10]

We all know how volatile the btc prices is and 500$ either positive or negative it could rise or fall in a day. I think with the hard fork happening couple of days back people sold some btc due to their own reasons and now have come back and buying as nothing actually made any difference to btc due to this fork.

[TravelMug]

Actually it pushes to almost $6000 before settling to $5800 today. Bitcoin price is really hard to predict, you are expecting something to happen, but the opposite shows. I thought we may go down and plummet to $5000 after the hard fork is completed, however, those who get the free coins decided to just buy it back to bitcoin market and then there was a late surge yesterday as investors are tying to get and join the boat and doesn't want to miss the hype train. I'm expecting a stable price around $5800 until another positive news (amazon rumors) became reality, thus pushing to $6000 or more in the next coming days.