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Bitcoin (BTC) Surges 5% in Minutes, Rallies Past $10,500 in Flash Pump

From newsbtc.com

Volatility is back. In the past hour, Bitcoin (BTC) bulls have returned in full force, pushing the cryptocurrency from $10,100 to $10,600 in a matter of minutes. As of the time of writing this, the cryptocurrency is up 5%, trading around $10,550. This unexpected move comes to the upside shortly after the mediocre weekly candle close. This move comes after the Yuan started to fall against the U.S. Dollar to 7.10, implying that there may be some correlation between a devaluation in the Chinese currency and an uptick in the value of BTC. Altcoins, unfortunately, were hurt by Bitcoin’s spike. This spike brought Bitcoin ... (full story)

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