Bitcoin gains 3.6% as UNICEF begins accepting cryptocurrencies
Bitcoin (BTC) is once again on the march and recently touched as high as $8,623 before falling back to its current value of $8,504. Bitcoin is now up over 3.6% in the last 24 hours, and 3.9% in the last week. Earlier today, Bitcoin witnessed an impressive spike from $8,215 up to just over $8,600, following which Bitcoin cooled off slightly, and has been hovering around $8,575 for the past eight hours before dipping slightly to its current price.
While the exact cause behind the earlier price pop remains uncertain, it may be related to recent news that the US Federal Reserve will resume purchasing short-term US Treasury bonds to expand its reserves. Similarly, just last night, the UN Children’s agency (UNICEF) announced it would be taking donations in cryptocurrencies—which is seen as a boon to the industry by most.