Bitcoin price mysteriously soars by 15 percent
Bitcoin is back in town — but it's unclear how it got here.
The cryptocurrency's price shot up by 15 percent on Tuesday, briefly surpassing $5,000 for the first time since November, reports CNN.
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The surge may have been caused in part by a $100 million order of bitcoin from an unknown private buyer, but even that order is inexplicable, analysts tell Reuters.
The jump in price has the potential to attract more investors to stake a claim in bitcoin. However, the sudden change shouldn't be considered shocking. Chief market analyst with TF Global Markets (UK) Ltd Naeem Aslam says that bitcoin is "kind of a beast" and has the ability to gain more than 20 percent on a daily basis, per CNN.
