Bitcoin Price Climbs $400 In 20 Minutes to Reach 2-Week High
Bitcoin, the world's largest cryptocurrency by market capitalization has jumped 6.6 percent in quick succession pushing prices well above $6,600.
CF Benchmarks will now update prices on crypto deposits at BlockFi every second, allowing the lender to hedge against sudden market moves.
As bitcoin and ether prices fell below technically significant levels, some traders are citing fear emanating from a report about the alleged PlusToken Ponzi scheme as the reason for the plunge
Bitcoin prices had to overcome a large number of sell orders to break above $12,000.
The Matic Network cryptocurrency (MATIC) plunged significantly in the past 48 hours, erasing a four-week rally.
Ethereum, the world's second-largest cryptocurrency by market capitalization, fell to the lowest level since September 2017 on Thursday.