Bitcoin climbs above $7 000 as cryptocurrency rally extends

Litecoin and Cardano rise by 6% in one-hour altcoins buoyed by BTC ascendance

Bitcoin has jumped almost 40% in the past week and has more than doubled in the past year, driving speculation of a comeback to 2017 levels.

The price of bitcoin (BTC) surpassed $7,900 today, jumping 16 percent in the process to reach a high not seen in more than nine months.

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.

HTC announces plans for the Exodus 1s, a cheaper blockchain smartphone
Initially, customers could only purchase the device with crypto, however, in February, HTC opened up fiat payment options. The same full node functionality is coming to the Exodus 1 as well, apparently, but that phone will need an SD card.


"Blockchain Week is underway, co-sponsored by the New York City Economic Development Corp., and the Consensus forum is set to start, where people are "expecting a higher-quality conference", Lee said". It hit 60% market share during the recent rally and the last time it held that position was in December 2017 when Bitcoin was trading at its all-time high. But it is too soon to declare bitcoin as a safe-haven asset, they said.

In addition, Lukman Otunuga, research analyst at FXTM, said the bullish "golden cross" is already in play on the daily charts.

"Bitcoin is acting differently since moving above its 200-day moving average" and the gains are occurring on strong volume, Fundstrat co-founder Tom Lee, a noted Bitcoin bull, wrote in an email.

Multiple police motorcycles in President Trump’s motorcade involved in an accident
Donald Trump motorcade was involved in a road accident while the president was traveling in Louisiana on Tuesday. News, citing pool reporters, says the officers were spotted with " very bloodied arms " following the incident.


As the graph below displays, which charts the price of Bitcoin against USDT on Binance, after breaking the $8,000 range yesterday from the first time since May of 2018, Bitcoin took a sudden downturn of nearly 10% which made many traders believe that the bull run was over.

Bitcoin remains far from its 2017 high of $20,000.

Powerful quake hits Papua New Guinea, tsunami alert issued
HST, the PTWC issued a new statement, saying "a tsunami threat exists for parts of the pacific located closer to the natural disaster ".


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