A sudden surge in bitcoin propels the value of the digital currency above the key psychological level of US$5,000

//A sudden surge in bitcoin propels the value of the digital currency above the key psychological level of US$5,000

A sudden surge in bitcoin propels the value of the digital currency above the key psychological level of US$5,000

Bitcoin climbed suddenly on Tuesday to the highest level since November, leading a broad surge in virtual currencies that brought an end to nearly three months of calm in the US$162 billion market.The world’s largest cryptocurrency surged as much as 23 per cent to US$5,078.52 as of 1:38pm in Hong Kong, according to Bloomberg composite pricing, with traders struggling to immediately pinpoint a reason for the gain.Rival coins including Ether, Ripple and Litecoin also jumped, as did shares of…

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By | 2019-04-02T06:53:44+00:00 April 2nd, 2019|Business|Comments Off on A sudden surge in bitcoin propels the value of the digital currency above the key psychological level of US$5,000