Bitcoin gains $1.5K in under an hour as BTC price erases days of downtrend

Bitcoin (BTC) put in an early end-of-year flourish on Dec. 31 as an upward boost saw BTC/USD retake $48,000.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

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Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly gaining over $1,500 in a single hour on Friday.

A refreshing counterpoint to several days of downtrend, the move gave a taste of what could happen in a crypto market where liquidity is thinner than normal over the holiday period.


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