Thursday’s trading witnessed bitcoin price spiking upwards from under $6,900 to $8,000, a new high for April.

For reasons unknown at the time of publishing, bitcoin prices were flung upwards in a frantic period which saw the world’s most prominent cryptocurrency gain over 15% in value, all in a span of under 45 minutes.

At press time, prices are continuing to climb amid frenzied trading to post a high of $8,039.

Developing…stay tuned for a detailed price analysis.