Cryptocurrency

Bitcoin climbs back above $7,000 and is now up 90% year to date via @CNBC

As reported by CNBC, “Bitcoin has jumped above $7,000, continuing a stunning comeback for the cryptocurrency in 2019. “The virtual currency climbed close to $7,600 on Sunday, according to industry website CoinDesk. It’s since pared gains, but is still holding above that $7,000 level. “It marks yet another move higher for the world’s most-valuable cryptocurrency, which […]

By Chris Sykora · May 13, 2019

Bitcoin climbs back above $7,000 and is now up 90% year to date via @CNBC

As reported by CNBC, “Bitcoin has jumped above $7,000, continuing a stunning comeback for the cryptocurrency in 2019.

“The virtual currency climbed close to $7,600 on Sunday, according to industry website CoinDesk. It’s since pared gains, but is still holding above that $7,000 level.

“It marks yet another move higher for the world’s most-valuable cryptocurrency, which is now up nearly 90% since the start of the year.

“That’s despite negative headlines surrounding bitcoin exchange Bitfinex, whose parent company has been hit with a probe in New York, and Binance, which was hacked in a heist that lost more than $40 million in bitcoin.

“’Bitcoin has been building up momentum,’ Mati Greenspan, senior market analyst at social trading firm eToro, told CNBC via telephone. ‘Ever since the mid-December lows, we’ve actually doubled in price.’”

Continue to read the full story at CNBC.com.