Bitcoin Rising Again As Price Surges Back To Life
Bitcoin surged to the highest level since August, as cryptocurrencies extended their rebound from a slump last month.
BitcoinÂ rose as much as 6.9% to $7,445, before trading at $7,341.37 as of 7:45 a.m. Hong Kong time on Sunday, according to Bitstamp.
All five members of the Bloomberg Galaxy Crypto Index are up more than 10% since Friday, based on pricing from Bitstamp and Bitfinex.
The price of Bitcoin, the biggest cryptocurrency, has more than doubled since its December 14 trough and is now rising for a sixth-straight day on Bitstamp.
The decade-old token surged as intensifying trade tensions hammered global stocks in the past week to set fresh milestones for Bitcoinâ€™s wild ride after it crashed last year from 2017â€™s peak above $19,000.
Bitcoin seems to be finding its feet again as it keeps building momentum daily.