Share this article
Bitcoin Price Climbs $400 In 20 Minutes to Reach 2-Week High
Bitcoin, the world's largest cryptocurrency by market capitalization has jumped 6.6 percent in quick succession pushing prices well above $6,600.
Updated Sep 13, 2021, 8:18 a.m. Published Aug 22, 2018, 2:30 a.m.
Bitcoin, the world's largest cryptocurrency by market capitalization, has jumped 6.6 percent, pushing prices above $6,600 for the first time in weeks.
At 01:00 UTC, just after Tuesday's close, the cryptocurrency leapt $428 over the course of 20 minutes to cross the threshold for the first time since July 24, according to CoinDesk price data.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Bitcoin was last seen trading at $6,750, marking roughly a 6.6 percent increase since the day's open.
At press time, bitcoin is gaining momentum, having stalled briefly at around $6,750 before crossing $6,800. Indeed, the spike in price could be attributed to investor sentiment in lieu of the fresh bitcoin ETF proposals, set to be decided upon on later this week.
The decision could be a defining moment for cryptocurrency in 2018, whereby a denial sends the price lower, while an approval brings additional liquidity from institutional investors.
Either way, the total market rose by a total of $11 billion in one hour as a large injection of capital entered the market seeking bitcoin amidst the move. At press time, the total value of all cryptocurrencies was $221 billion, CoinMarketCap data shows.
: The author holds USDT at the time of writing.
Image via Shutterstock
Mais para você
O que saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Mais para você
Bitcoin gets 'base case' price target of $143,000 at Citigroup
The Wall Street bank said its bitcoin forecast relies on further crypto ETF inflows and a continued rally in traditional equity markets.
O que saber:
- Citigroup's base case for bitcoin (BTC) is a rise to $143,000 in 12 months.
- Analysts highlight $70,000 as key support, with the potential for a sharp rise due to revived ETF demand and positive market forecasts.
- The bear case sees bitcoin falling to $78,500 amid a global recession, while the bull case predicts a rise to $189,000 due to increased investor demand.
Top Stories
