Advertisement

Bitcoin surged to the highest level since August, as cryptocurrencies extended their rebound from a slump last month.

Bitcoin 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.

ALSO READ: HTC Exodus 1s Blockchain Phone With Full Bitcoin Node Capabilities Announced

All five members of the Bloomberg Galaxy Crypto Index are up more than 10% since Friday, based on pricing from Bitstamp and Bitfinex.

Bitcoin surges high again

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.

Advertisement

The decade-old token surged as intensifying trade tensions hammered global stocks in the past week to set fresh milestones for Bitcoin’s wild ride after it crashed last year from 2017’s peak above $19,000.

Bitcoin seems to be finding its feet again as it keeps building momentum daily.

ALSO READ:  Firm partners Jumia, Konga in order to boost TBC acceptance
Advertisment

LEAVE A REPLY

Please enter your comment!
Please enter your name here