Economic news

Bitcoin balloons to $7,400 in a matter of minutes

Bitcoin has soared 10% in the past few hours, after a massive upswing in volume. In just a single hour, cryptocurrencies as Bitcoin, Ether, EOS and several others ran up 6-10% in price, with the virtual coins market rocketing to $292 bln, a vault by $20 bln.

In case Bitcoin price goes beyond $8,000, chances are that it could repeat the advance of April 9, with possible trial of the $10,000 support line.

But if the currency sticks around $7,400, it could attempt crossing support lines ranging from $8,000 to $9,000 next week.

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