Bitcoin soars 20% taking cryptocurrency market by surprise

Bitcoin soars 20% taking cryptocurrency market by surprise

Bitcoin, the best-known cryptocurrency, rose to a near five-month high on Tuesday, giving an unexpected surge to the digital coin market after months of relative stagnation in the sector. The price of a unit of bitcoin soared 17% in 30 minutes this morning, taking the cryptocurrency to nudge $5,000 for the first time in almost five months. The rise marks the biggest one-day increase in the currency's value since April last year. Analysts attributed the rise to a large acquisition by an ...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.