[UPDATE] Bitcoin Surges To Over $7,000--Here's Why
UPDATE—Bitcoin, which has been defying gravity this week following a serious security breach and theft at the world’s biggest cryptocurrency exchange, Binance, has surged today by more than 10% to over $7,000, its highest so far this year.
The bitcoin price, beginning the year at under $4,000, hit $7,049 on the Luxembourg-based Bitstamp exchange earlier this evening. The wider cryptocurrency market followed bitcoin higher, with major digital tokens ethereum, bitcoin cash, litecoin, and EOS all making double-digit gains over the last 24 hours.
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