Over the course of a day, Bitcoin saw substantial fluctuation, peaking at about $96,500 after beginning at about $95,000.
This spike caused the price to rise by $1,700, or 1.81%, to $95,743.72 at 10:01 AM EST.
Strong buying pressure and optimistic market sentiment are highlighted by the upward trend.
Bitcoin’s dynamic nature is reflected in its sharp price movement, which points to the possibility of significant gains in brief periods of time.
The short timescale, however, begs the question of whether this surge and subsequent price fluctuations can be sustained.
Source (CNBC)
