Bitcoin Prices Surge by Roughly $1,000 in Just 60 Minutes

Bitcoin prices skyrocketed Thursday, soaring almost $1,000 in one hour.

At 6:40 a.m. EDT Thursday, the cryptocurrency was trading for $6,863, but soon began to soar, clearing two key psychological barriers and topping off at $8,010 by 7:40 a.m. EDT, according to Coinbase. (Profit taking has brought the currency back to $7,698 as of 9:00am ET, but it’s still up 11% so far for the day.)

Nobody seems quite sure what caused the surge, though there has been some speculation lately that...

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