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Bitcoin Price Surges Past $9,000, Suffers Brutal Dump

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By CCN: The bitcoin price extended its triumphant rally past a new milestone, clearing the $9,000 barrier to set a fresh 12-month high. Minutes later, a $500 dump sent a chill through the market. Bitcoin Price Slides $500 Minutes After Hitting 12-Month High The flagship cryptocurrency had spent most of the morning trading near $8,750, but a sudden surge in volume catalyzed a sharp rally shortly before noon ET. Bitcoin quickly rallied past $9,000 – the first time it had crossed that market since early May 2018 – setting a new 12-month high at $9,096 on crypto exchange Bitstamp.

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* First published on ccn.com

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