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Business News/ Markets / Stock Markets/  Bitcoin prices surge to a six-month high, after 35% gain this month
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Bitcoin prices surge to a six-month high, after 35% gain this month

Bitcoin prices topped $5,600 briefly
  • Other major cryptocurrencies such as ethereum and Ripple's XRP also gained
  • Bitcon prices have risen more than 35% this monthPremium
    Bitcon prices have risen more than 35% this month

    Bitcoin prices jumped today to its highest in six months, pulling smaller cryptocurrencies up with it in a move that traders and analysts ascribed to technical forces with no apparent news catalysts at play.

    Bitcoin, the biggest virtual coin, climbed as much as 4.5% in early trading to top $5,600 briefly, touching its highest since November 18.

    Other major cryptocurrencies that tend be correlated to bitcoin such as ethereum and Ripple's XRP also gained.

    Bitcoin was last up 3.1%. It has gained more than 35% in April, due largely to a 20% jump that caused puzzlement among traders and underscored flaws in cryptocurrency markets.

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    Published: 23 Apr 2019, 03:00 PM IST
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