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Why Bitcoin Popped Over $64,000 and Plunged to $59,000 in Minutes Today

TheMotleyFool

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Why Bitcoin Popped Over $64,000 and Plunged to $59,000 in Minutes Today: https://g.foolcdn.com/editorial/images/767300/bitcoin-in-1-and-0.jpg

Cryptocurrencies are known for their volatility, but that was pushed to the max today as Bitcoin (CRYPTO: BTC) jumped as much as 12.6% to over $64,000 for a moment only to plunge to $59,000 an hour later. At 3:30 p.m. ET, the cryptocurrency is trading at around $60,000 and is still up 5% over the past 24 hours.

The entire market followed Bitcoin's move, but Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) were two of the more notable movers. Ethereum jumped 7.4% at its peak only to fall back to flat for the day. Dogecoin regained most of its late afternoon pop and is up 13% on the day.

Image source: Getty Images.

Source Fool.com

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