Bitcoin Price Jumps 8% and Gold Hits a Four-Month High, Is Tension in the Middle East the Driving Force?

New York (Jan 3)  In less than 24 hours, the Bitcoin price went from $7,170 to $6,853 to $7,341 on Bitstamp. On Bitfinex, the price climbed as high as $7,416.

Trading volume meanwhile is still low at $378 million though up from less than $200 million earlier this week.

Altcoins followed the world’s leading cryptocurrency and went green. Monero (XMR) s leading with 9.53% gains followed by Bitcoin Cash (BCH) which is up by 5.39%.

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