The Price of Bitcoin Just Jumped $30 in One Hour

The price of bitcoin rose nearly $30 over one hour of trading today, spiking to $740 as it continued to test 2016 highs.
The sudden boost followed a relatively slow uptick over the course of recent trading sessions, with the price fluctuating between $706 and $713 from 0:00 UTC on 15th November to 12:00 UTC today, figures from the CoinDesk Bitcoin Price Index reveal.
However, that would soon change as the price began rising quickly, spiking nearly 4% over the course of just 60 minutes today.

This post was published at Coin Desk on Pete Rizzo/ November 16, 2016.

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