Bitcoin is up 8% in a quick rally to the upside. Most of the gain has come in just the past few minutes.
There is speculation about a bitcoin spot ETF and Middle East worries. Stops above the September lows may also be helping.
Bitcoin daily
The shorter term chart shows some moderate buying earlier but it’s ripped nearly $2000 in just minutes.
Offers at $30,000 capped the move initially but that’s now given way but a few dollars.