Bitcoin prices rallied today, enjoying some notable gains and reaching their loftiest value in more than five weeks.
The cryptocurrency rose to as much as $11,592.15, according to CoinDesk.
At this point, the digital asset had appreciated 3.4% in less than 24 hours and was trading at its highest level since September 2, additional CoinDesk figures show.
When explaining these latest price fluctuations, analysts emphasized both fundamental and technical factors.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
Read More: https://www.forbes.com/sites/cbovaird/2020/10/12/bitcoin-prices-climb-to-highest-since-early-september/#56f31c2060bc