Bitcoin price observed a significant raise.
Bitcoin price are increased by over 6% and crossed the $5,700 barrier. However, the reason is due to the technical forces as no immediate news catalysts sending the cryptocurrency higher.
Bitcoin price was last at $5,680 on the Bitstamp exchange, taking gains this year for the original and biggest virtual currency to nearly 55%.
Other major cryptocurrencies such as Ripple’s XRP and Ethereum, their prices are often seen as correlated to Bitcoin, also moved higher.