Browsing: Cryptocurrencies

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.

As risk assets regain their mojo amid optimism the coronavirus spread is beginning to level off, bitcoin’s back above $7 000 and may be headed higher still.

The cryptocurrency industry’s struggles to attract mainstream investment continued last year as global fund raising and deals both dried up, according to a new report from PricewaterhouseCoopers.

Bitcoin slumped through $6 000 on Thursday, leading a rout of cryptocurrencies amid a wider global risk asset sell-off over the intensifying coronavirus crisis.