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Bitcoin jumps 10% to two-week high of $7,657, leads broad crypto surge

Other cryptocurrencies like Ethereum and Ripple also rose sharply

Reuters  |  London 

Cryptocurrency prices jumped on Thursday, led by a 10 percent surge in bitcoin to two-week highs, though analysts said they were unsure of what had triggered the spike. On the Luxembourg-based Bitstamp exchange, bitcoin spiked as much as 14 percent at one point in mid-morning European trading and by 1225 GMT was up 10.3 percent at $7,657, its highest level since March 28. Other cryptocurrencies like Ethereum and Ripple also rose sharply. Two people active in the cryptocurrency market said the biggest moves in bitcoin had occurred on the Bitfinex exchange before spreading to ...

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First Published: Thu, April 12 2018. 18:41 IST
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