Bitcoin Breakout: Price Spikes $500 in One Hour to Top $11.5k

Coindesk --------- After a day of largely sideways trading, the price of bitcoin is once again back in uncharted territory. Beginning at 11:00 UTC Sunday, bitcoin saw a sudden surge, data from the CoinDesk Bitcoin Price Index (BPI) reveals, rising from $11,115 to set a new high of $11,655 by the end of the hour. The nearly 5 percent gain saw bitcoin erase its previous all-time high of roughly $11,300. All-in-all bitcoin is up nearly 7 percent on the day, rising more than $700 from an average opening of $10,895 across global exchanges. To learn more click on the picture below to read the article.