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Bitcoin price jumps to two-week high, leads broad crypto surge

Reuters  |  LONDON 

By Tommy WilkesLONDON (Reuters) - Cryptocurrency prices jumped on Thursday, led by a surge in bitcoin to two-week highs, with people active in the market citing a squeeze on traders who have bet against prices, given a lack of obvious news to trigger the gains.On the Luxembourg-based Bitstamp exchange, bitcoin rose as much as 17 percent at one point in mid-morning European trading. By 1250 GMT, it was up 11 percent at $7,705, its highest level since March 29.Other cryptocurrencies like Ethereum and Ripple also rose sharply, gaining more than 10 percent. EOS, another virtual currency, rose ...

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First Published: Thu, April 12 2018. 19:00 IST