Tags: bitcoin | price | cryptocurrency

Bitcoin Surges After Breaking Back Through $7,000 Level

Bitcoin Surges After Breaking Back Through $7,000 Level

Tuesday, 17 July 2018 04:27 PM

What’s up with Bitcoin?

That seems to be question on the minds of most casual observers of the biggest digital token after it suddenly surged as much as 12 percent Tuesday.

The move accelerated as the cryptocurrency pushed past the $7,000 price level for the first time in more than a month.

Bitcoin last traded above $7,000 on June 8, before getting caught in a sector wide sell-off that wiped out about $42 billion over the following weekend.

Some observers pinned that retreat on an exchange hack in South Korea, while others pointed to lingering concern over a clampdown on trading platforms in China.

Cryptocurrency venues have come under growing scrutiny around the world in recent months amid a range of issues including thefts, market manipulation and money laundering.

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What's up with Bitcoin?T hat seems to be question on the minds of most casual observers of the biggest digital token after it suddenly surged as much as 12 percent Tuesday.
bitcoin, price, cryptocurrency
129
2018-27-17
Tuesday, 17 July 2018 04:27 PM
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