Technology Other News 04 May 2019 Bitcoin jumps as muc ...

Bitcoin jumps as much as 6 per cent to new six-month high

REUTERS
Published May 4, 2019, 11:29 am IST
Updated May 4, 2019, 11:29 am IST
Bitcoin climbed more than 6 percent to briefly break USD 5,700, its highest since November 14.
Other major cryptocurrencies such as ethereum and Ripple’s XRP, their prices often seen as correlated to bitcoin, also moved higher.
 Other major cryptocurrencies such as ethereum and Ripple’s XRP, their prices often seen as correlated to bitcoin, also moved higher.

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 USD 5,700, its highest since Nov. 14. It was last at USD 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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