Bitcoin Jumps As Much As 6 Percent To New Six-Month High - FbiCables Network | The News that Shapes World Opinion

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Saturday, May 04, 2019

Bitcoin Jumps As Much As 6 Percent To New Six-Month High


FILE PHOTO: Representation of the Bitcoin virtual currency standing on a PC motherboard
FILE PHOTO: Representation of the Bitcoin virtual currency standing on a PC motherboard is seen in this illustration picture, February 3, 2018. REUTERS/Dado Ruvic/Illustration/File Photo
May 4, 2019
By Tom Wilson
LONDON (Reuters) – Bitcoin jumped to a new six-month high on Friday in a move that traders said was the result of technical forces, with no immediate news catalysts sending the cryptocurrency higher.
Bitcoin climbed more than 6 percent to briefly break $5,700, its highest since Nov. 14. It was last at $5,680 on the Bitstamp exchange, taking gains this year for the original and biggest virtual currency to nearly 55 percent.
Other major cryptocurrencies such as ethereum and Ripple’s XRP, their prices often seen as correlated to bitcoin, also moved higher.

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