Crypto Price Jumps, Bitcoin Skyrocketed to 2 Week High

The price of the crypto currency surged on Friday, while Bitcoin climbed to a two-week high.

Bitcoin was trading at $ 7,868.5 at 0950 GMT on the exchange of Bitfinex, rocketing 12.0% over the previous 24 hours.

Ethereum, the world's second largest cryptocurrency by market capitalization, jumped 12.2% to $ 492.21 Bitfinex exchange.

Token Ripple XRP jumped 15.0% to $ 0.62521 on the Poloniex exchange.

Meanwhile, Litecoin added 7.4% to $ 126.6.

Although there is no clear driver behind the move, some analysts say the crypto price surge is supported by news that Spanish banking giant Santander launched an international payment service based on blockchain technology.

Reports on Friday mention that Santander (MC: SAN) will announce the "One Pay FX" cross border payment system in Spain, the UK, Brazil and Poland. This system is called using the ledger technology developed by Ripple.

The move by the Spanish bank restored hopes that digital cryptographic technology that supports crypto, including Bitcoin, still has a role to play in the main payment space.

Meanwhile, comments from Pantera Capital Management, one of the world's largest Crypto hedge funds, are getting attention for saying that Bitcoin has reached its lowest position and will remain above $ 6,500 level during 2018.