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Bitcoin Is Back? Cryptocurrency Surges After Breaching $9,000
Bitcoin surged as much as 8.7 percent after surpassing $9,000 for the first time since Feb. 2, the day that financial markets worldwide slumped amid concern of rising interesting rates and a return in volatility. The world’s largest cryptocurrency had tumbled 70 percent from an all-time high of almost $20,000 set in mid-December on concern that authorities from Asia to the U.S. were seeking greater oversight. The recovery from the recent low of $5,922 has emboldened long-term advocates. “The climb back to $9,000 range was inevitable,” said Darren Franceschini, chief executive with Blockchain Technologies ... (full story)
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