2018-7-18 07:57 |
Bitcoin jumped more than 10 percent Tuesday, breaking above the $7,000 level after weeks of steady but lower prices.
The world’s most valuable virtual currency moved sharply higher around 2:00 pm New York time to $7,465.79, its highest level since June 9th, according to Coinbase.
Cryptocurrency pundits said the price jump had more to do with technical levels than any other catalyst.
Bitcoin has struggled to regain footing after nearing $20,000 at the end of last year.
The cryptocurrency has lost more than half its value in the first half of this year, according to data from Coinbase.
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