Bitcoin price reaches $10,500 – increased $1,000 in 30 minutes

Bitcoin price reaches $10,500 – increased $1,000 in 30 minutes

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Teodor Stig-Matz

teodor.matz@trijo.co

Both bitcoin and its competitors have made increases during the night to Friday.

Bitcoin has had a tough week. The price of the world’s biggest cryptocurrency was as late as Thursday below $10,000.

The reasons for the low prices are unclear, but the US Congress’s Libra hearings may be an influential factor, Cointelegraph reports.

Now it seems to have turned upwards. Bitcoin is currently trading just under $10,500 after rallying $1,000 in half an hour during the night to Friday, numbers from Coinmarketcap shows.

Altcoins are increasing

Bitcoins competitors, the so-called altcoins, have also made increases.

Litecoin went up by just over five percent compared to Thursday, ethereum by two percent, and bitcoin cash just below four percent.

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