Bitcoin soared to the highest level in a year, extending a run that’s seen prices more than double since March.
The largest cryptocurrency climbed as much as 10% Monday from levels late Friday, and was trading at $8,847 as of 10:25 a.m. in Tokyo. Rival coins were also stronger at the start of the week. Litecoin added almost 9% and Ether, the second largest digital token, rose 6%.
Crypto proponents are taking encouragement from a string of recent headlines showing greater interest in the space from mainstream firms. Fidelity Investments is finalizing plans to buy and sell the digital asset for institutional customers, and E*Trade Financial Corp. is poised to allow crypto trading. AT&T Inc. said it will permit customers to use payment processor BitPay to settle their online bills.
First Published:
May 28, 2019 14:27 IST
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