Bitcoin prices are hockey-sticking on a hockey stick.
The cryptocurrency’s gains Thursday morning hit new heights striking well above $18k across widely varying exchanges, coming to rest above $16,000 while the popular Coinbase exchange had been suffering major issues due to “record high traffic.”
Bitcoin was trading below $8,000 two weeks ago.
This is a truly, truly volatile game at this point, the swings didn’t appear as consequential when the market cap rested in the low billions, but as institutional pocketbooks push that cap to nearly $300 billion, the stakes are raised considerably.