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Bitcoin Jumps to Highest Level Since March’s Coronavirus Crash

  • Largest digital coin gains as much as 9.1% in Thursday trading
  • Bitcoin may have enough momentum to top $8,000: Oanda’s Moya
Cryptocurrency Mining As Bitcoin Slides Amid Stocks Rout
Photographer: Akos Stiller/Bloomberg

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.