BTC surges near $18,300

Bitcoin prices surged 4.2% in a matter of hours on Jan. 12.

At 11:00 p.m. UTC, Bitcoin was priced at $17,548. At 1:00 a.m. UTC, the asset was worth $18,287. Prices began to decline shortly after that high point, though at this early stage, it is unknown what Bitcoin’s long-term price trend may look like.