Bitcoin Price Watch: Currency Hits $8,500

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The price of bitcoin has shot up by roughly $300 in the last 24 hours, spiking from its previous $8,200 position. The news marks a massive turn away from the downward spiral bitcoin was enduring just over a week ago, when it’s price stood at a measly $6,600 – approximately 25 percent lower than where it currently sits. Naturally, the next move is for bitcoin to push past the $9,000 mark and strike $9,500 or possibly $10,000 by next week. As good as this may be, bitcoin’s price jump is nothing compared to the surges enjoyed by competing altcoins like

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