Cryptocurrencies

Bitcoin Tops $9,000 for First Time Since March Amid Halving Hype

Coins awarded for processing transactions to fall in May
Alternative cryptocurrencies Bitcoin Cash, Litecon increase

Bitcoin Is Extremely Volatile, BC Group's Chapman Says

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By Vildana Hajric

April 29, 2020 at 2:03 PM UTC

Updated on

April 30, 2020 at 3:34 AM UTC

This article is for subscribers only.

Excitement over Bitcoin’s upcoming halving and an overall risk-on environment are pushing up cryptocurrencies, with the largest token reaching its highest level since before the coronavirus-induced crash.

Bitcoin gained as much as 1.9% to $9,099 Thursday as of 11:30 a.m. in Hong Kong after jumping 15% on Wednesday, according to composite prices on Bloomberg. Other cryptocurrencies also advanced, with Bitcoin Cash and Litecoin both up a third day.