Bitcoin Rises 10% to Test $8,000 Level
Investing.com - Bitcoin surged over 10% to test the $8,000 level on Tuesday morning in Asia and other major digital coins also made significant gains amid bullish sentiment.
Bitcoin traded 11.45% higher to $7,949.9 by 11:52 PM ET (03:52 AM GMT). Over the past 7 days, Bitcoin has gained 34.62%, marking its strongest upward momentum this year.
Ethereum rose 8.46% to $210.22, XRP was up 11.53% to $0.37254, and Litecoin added 5.30% to $91.61.
The total cryptocurrency market cap rose to $234.4 billion on Tuesday from $190.4 billion last Friday.
Meanwhile, Germany is to introduce blockchain bond regulations that will allow bonds to be issued as virtual tokens on a blockchain, according to local daily business news outlet Handelsblatt.
“We consider it to be of paramount importance that we bring blockchain technology forward for Germany, specifically in 2019,” Thomas Heilmann, the German government’s blockchain correspondent, told Handelsblatt.
Elsewhere, crypto exchange Binance said it plans to fully resume deposits and withdrawals on Tuesday after suffering a hack last week.
“Our team is making progress and has been working through the weekend. In the past few days, we have made some significant overhauls to our system, with a large number of advanced security features added and/or completely re-architected. We will share details on some of the changes later,” the crypto exchange said in a statement.
On May 7, Binance lost around 7,070 Bitcoins from its hot wallets, which were worth over $40 million.
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