Bitcoin price suddenly surged on Thursday, trading above $15,000. It is astonishing to see such a huge price rise especially when you find that it was trading around $5,000 just in March. Surprisingly, the price gain comes amid pandemic, economic uncertainty, and the US elections drawing to a close.
Ethereum and Ripple also swelled, along with Bitcoin, and experienced significant gains.
Bitcoin has been on its way to stability, rising prices in the last six months, providing huge confidence to investors to catch up with cryptocurrency and re-targeting others to consider this investment that had dropped earlier. It is also likely that if the government issues a stimulus package, the price of Bitcoin could rise further.
Currently, Bitcoin is currently traded at 15,637.80 United States dollars at the time of writing this article.