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Updated over 5 years ago on .

Account Closed
  • Financial Advisor
  • New York, NY
0
Votes |
4
Posts

How to invest via Cryptocurrency

Account Closed
  • Financial Advisor
  • New York, NY
Posted

Bitcoin surged more than $1,000 this weekend to the highest level since August, as cryptocurrencies extended their rebound from a slump last month amid the New York attorney general’s investigation of a key part of the market.

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The price of Bitcoin, the biggest cryptocurrency, has more than doubled since its Dec. 14 trough and is now rising for a sixth-straight day.

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The decade-old token surged as intensifying trade tensions hammered global stocks in the past week to set fresh milestones for Bitcoin’s wild ride after it crashed last year from 2017’s peak above $19,000.

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Virtual currencies slumped late last month as New York Attorney General Letitia James alleged an $850 million coverup by the companies behind virtual currency Tether and Bitfinex -- one of the world’s largest crypto exchanges.