Do you know what is Bitcoin ? how does it work and what affects its price ? I will provide some important information in this article.
Few technologies have the ability to stir passionate online debate and baffle the vast majority of the population as bitcoin. The virtual currency has rocketed up in recent days following a steady decline, and one Bitcoin is now worth more than $7,600 after a price spike.
It has surged by more than $1,000 in trading, creating waves as buyers consider whether the price decline of the cryptocurrency may now be turning.
Why the price has suddenly jumped is unclear, although some have speculated the change is due to mass computer trading, others that short sellers have recently pulled out of the currency, causing buyers to flood back in.
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