Cryptocurrencies
Bitcoin Surges Most Since December After Breaching Key Levels
- Spike seen fueling short squeeze that accelerated gains
- Evercore ISI’s Rich Ross says Bitcoin attractive after jump
This article is for subscribers only.
Bitcoin’s back. At least for one day.
The biggest cryptocurrency climbed 12 percent as of 5 p.m. in New York, piercing both the $7,000 and the $8,000 levels in less than an hour early in the trading day, leaving investors guessing as to what was the catalyst. Bitcoin had swung wildly between gains and losses in December while reaching a record high of almost $20,000 before crashing.