Buoyed by an overall shift in risk sentiment, cryptocurrencies surged on Thursday, with Bitcoin surpassing $7,500 for the first time since crashing in early March.
Bitcoin rose as much as 9.1% to trade at $7,556 as of 12:18 p.m. in New York, while the Bloomberg Galaxy Crypto Index -- which tracks some of the biggest digital assets -- rose as much as 6.3%. Bitcoin tumbled 27% on March 12 as financial markets were pummeled by the widening coronavirus pandemic.
