Bitcoin Reaches $6.8K, 7-Day High as US Unemployment Hits 6.6 Million

Bitcoin (BTC) hit its highest level in a week on April 2 as fresh upside followed more misery for the world economy thanks to coronavirus. Source: Coin360 BTC gains as coronavirus rattles U.S. jobs Data from Coin360 and Cointelegraph Markets showed BTC/USD clinching 7-day highs of $6,830 on Wednesday, having gained nearly 9% in the past 24 hours.

For analysts, the picture was still mixed for Bitcoin, with strength not decisive enough to turn bullish on the short-term future. As Cointelegraph reported, TV host Max Keiser even predicted that the rich would spark a run on gold reserves and that lay investors who were unable to get hold of any would be forced into Bitcoin “en masse.”

Timeline of Bitcoin