Bitcoin Price Watch: Currency Jumps to $8,500

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At press time, bitcoin has risen $200 higher from where it stood yesterday. Signs of recovery are now showing themselves as we inch away from the repeated drops of last week. At $8,500, bitcoin is at its highest point since Monday, when it briefly rose to $8,800 following the start of Coindesk’s Consensus Conference. It was prior to this event that Fundstrat’s Tom Lee (no stranger to these price articles) made a bold prediction regarding the currency’s price. He stated that bitcoin would rally during the Conference, and spike harder than it had in previous weeks. Ultimately, the price didn’t

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