Bitcoin, the world’s largest cryptocurrency by market capitalization, rose 11.7% from Jan. 5 to Jan. 12, trading at US$18,830, at 2 p.m. in Hong Kong. Ether gained 13.7% in the same timeframe, changing hands at US$1,428.
“It’s very difficult to determine what causes short-term price swings in the Bitcoin market,” Joe Burnett, head analyst at Blockware Solutions, wrote to Forkast.
“Traditional equity indexes rallying over the last week has certainly provided some tailwinds for BTC…
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