Bitcoin Bounces Back Bigtime

Bitcoin surged Thursday morning, spiking more than 14% in less than an hour. Bitcoin surged more than 14% in less than an hour Thursday morning, briefly passing the $8,000 level that it has not seen since March. "The swell is likely due to the impending completion of tax season. My prediction is that with only two business days left before the tax deadline, many Americans have paid their taxes and decided to invest sums into bitcoin and projects they believe in long term, or try their hand in an emerging market that couldn’t possibly slide any further," said Coinsource CEO Sheffield Clark.