Bitcoin holds above $7000 after hitting nine-month high

Source Trading View

The first digital coin broke $8,000 and touched $8,187 late on Monday before retracing towards $8,8030 by the time of writing.

Just hours after leaping 25% on Monday with no apparent explanation, the largest digital token added as much as 5.9% on Tuesday. Bitcoin's latest surge started Saturday, when the two US exchanges carrying futures are closed, making it potentially hard for short sellers to cover their wagers.

Bitcoin rose as much as 6.9% to US$7,445, before trading at US$7,323.86 as of 2:15 p.m. Hong Kong time on Sunday, according to Bitstamp.

But there is an ongoing blockchain and cryptocurrency conference in NY called Consensus, with big investors and influential market players gathered to network and discuss the current state of the industry.

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In a Facebook post , the Baytown Police Department said that the officer recognized the woman "from previous encounters". Investigators have not released the name of the officer, but they said the woman's name was Pamela Shantay Turner.

It remains to be seen how many other penny stocks will incorporate "Bitcoin" into press releases. The likes of Fidelity Investments plans to buy and sell Bitcoin for institutional customers soon, and E*Trade is dipping into the trading space.

"The largest crypto gathering in the world is going on right now, Consensys, and there's Bakkt announced their futures product is going to be up and running in July", said Travis Kling, founder of the Los Angeles-based crypto hedge fund Ikigai. Bitcoin had also rallied during previous Consensus conferences. Readers are advised to do their own research before investing in Bitcoin or other cryptocurrencies.

According to data from Bitwise, which adjusts reported bitcoin spot volumes to account for fake volumes, the $1 billion plus worth of CME bitcoin futures volumes in the prior 24 hours was nearly double the bitcoin spot volume on Binance and triple volumes on Coinbase.

-With assistance from Olga Kharif and Kenneth Sexton (Global Data).

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