The bitcoin price smashed through $3,700 as the cryptocurrency market assembled one of its largest intraday recoveries in recent memory. Bitcoin had entered the US trading session on a minor incline and continued to inch upward throughout the morning. Shortly before 17:00 UTC, a wave of buy pressure hit the bitcoin markets, carrying the flagship cryptocurrency from $3,450 to $3,700 within a matter of minutes. The bitcoin price ultimately peaked at $3,711 before settling back down to a present value of $3,656.
Bitcoin (BTC) is up 7.86% over the past 24 hours and is currently trading at $$3,677.40 on Coinbase. BTC dominance is at 53.1% and the total cryptocurrency market cap is currently at $121.4 Billion.
Click here to open an account at Coinbase and get $10 worth of FREE bitcoin