Bitcoin Surges as Cryptocurrency Market Suddenly Springs to Life
- Double-digit advance in virtual currencies ends months of calm
- Traders struggle to pinpoint reasons for brisk comeback
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An abrupt surge in Bitcoin sent the world’s most popular cryptocurrency to the highest level since November, jolting the $160 billion market for digital assets after three months of calm.
Traders struggled to pinpoint reasons for the rally, though some noted a flood fresh interest after Bitcoin breached the $4,200 level. The cryptocurrency briefly topped $5,000 and the value of digital assets tracked by CoinMarketCap.com jumped by about $17 billion in less than an hour.