$7,900: Bitcoin's Price Extends Gains to Hit 9-Month High

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

Bitcoin's latest surge happened on Saturday, when the two USA exchanges carrying futures are closed, making it potentially hard for short sellers to cover their wagers.

Bitcoin has nearly doubled in price this year, underscoring its volatility after a bruising 2018. Many crypto enthusiasts point to a long-standing claim - that their assets have become a haven during market turbulence. Rival coins surged in a broad rally, with Bitcoin Cash up as much as 40%, and Litecoin and Ether both at least 21% higher.

Considering each contract is equal to 5 bitcoins, the total notional value of 33.7K contracts equates to more than $1 billion in total value traded, and more than 168K worth of bitcoins. "People see it rising and jump on for fear of missing out".

Window Washers Trapped Mid-Air as Rigging Swings Wildly Out Of Control
Emergency crews are rescuing two people trapped on a lift in downtown Oklahoma City , KFOR reports . Video from the fire department - taken from the ground - shows the basket swinging at about 8 a.m.

PS Plus Free Games UPDATE as PlayStation Dauntless release news is revealed
The Fortnite-esque Battle Pass system known as the Hunt Pass will make sure that there is always something to do in the game too. The pass costs $10 and features 50 levels players can work through that reward cosmetics and premium currency.

Iran jails its national for United Kingdom spying
Iranian authorities accused her of plotting against the government and handed her a five-year jail sentence. A London-based British-Council employee was arrested in Iran in 2018 during a trip to visit relatives.

Since hitting a 2018 price low of $3,112 on December 15, 2018, with a market cap of $56 billion at the time, bitcoin's price has since rallied almost 150 percent and now records a market cap of $136 billion, according to CoinMarketCap.

Even though inferring future movements from past performance is not always the best of ideas, the pattern followed by Bitcoin in the last hours remembers the one of last weekend, when it took a downturn back to the high $6,000 range after breaking for the first time since 2018 the $7,000 barrier, only to continue on its climb a day later.

The crypto rally, like many earlier ones in the decade-old token market, defies simple analysis. Readers are advised to do their own research before investing in Bitcoin or other cryptocurrencies. They may find it tempting as the biggest cryptocurrency has gained 60 per cent in a more than two-week climb, compared to a bloody stretch for US equity markets that wiped more than 3 per cent from both the S&P 500 Index and the Dow Jones Industrial Average.

Related:

  • Did signing Le'Veon Bell get Mike Maccagnan fired?

    Did signing Le'Veon Bell get Mike Maccagnan fired?

    The New York Jets are shaking things up in the front office and it'll likely have an impact on things in Philadelphia. Per NFL Media's Ian Rapoport, the rift deepened when Maccagnan made running back Le'Veon Bell and linebacker C.J.
    San Fran Bans Govt's Use of Facial-Recognition Software

    San Fran Bans Govt's Use of Facial-Recognition Software

    The law will not regulate local businesses, and the technology is still largely unregulated across the U.S. The ACLU is one of many civil-rights groups supporting the ordinance.
    Barcelona close to deal for Ajax and Netherlands star

    Barcelona close to deal for Ajax and Netherlands star

    De Ligt has burst onto the scene this season with a swathe of impressive performances in central defence for Ajax . United are understood to be in the market for a centre-back this summer but De Ligt would not come cheaply.
  • Will Britney perform again?

    Will Britney perform again?

    Rudolph said he does not want her to work until she was ready "physically, mentally and passionately", according to TMZ . My role is to handle her career when she wants a career. "[ Britney ] is the one whose focus is on on [getting better]".
    Hearing in Colorado school shooting put off until next week

    Hearing in Colorado school shooting put off until next week

    One student at a nearby high school tweeted: 'Being a student in Colorado is terrifying. Two other students wrestled the gun from the shooter's hand and subdued him.
    United Kingdom  government still preparing for 'no deal' Brexit - May's spokesman

    United Kingdom government still preparing for 'no deal' Brexit - May's spokesman

    A bill implementing the Brexit deal will be introduced in the first week of June, the government has confirmed. Before her deal was defeated the last time, 344-286 on March 29, May had promised to resign if it was passed.
  • How much coffee is too much to drink a day?

    How much coffee is too much to drink a day?

    They write that this is the first study that outlines the upper limit of coffee consumption in terms of benefit and harm. So for now, try to limit yourself to six cups of coffee a day.
    Trump reportedly mulling order paving the way for Huawei ban

    Trump reportedly mulling order paving the way for Huawei ban

    The leaks resulted in Theresa May firing her defense minister Gavin Williamson, despite Williamson denying leaking anything. Liang also believes the decision should be based on economics and security while leaving politics out of the matter.
    WhatsApp says users should upgrade app after attack report

    WhatsApp says users should upgrade app after attack report

    An Israeli woman uses her iPhone in front of the building housing the Israeli NSO Group , Herzliya, Israel, on on August 28, 2016. Facebook says that a server-side patch was pushed out on Friday, and that on Monday an app update was made available to users.
  • Tech giants pledge to limit online terror content

    Tech giants pledge to limit online terror content

    The Trump administration will not sign an worldwide pledge by governments and online services to combat extremist content online. France has been hit by repeated Islamic extremist attacks by groups who recruited and shared violent images on social networks.
    Video released of elderly man being pushed off bus before his death

    Video released of elderly man being pushed off bus before his death

    The Clark County Coroner determined Fournier died of "complications of blunt force torso injuries" and ruled his death a homicide. Video shows the 74-year-old being shoved down the steps of the public transit bus and smashing his face on the concrete ground.
    Windows 10 WARNING: Another reason to upgrade to Microsoft’s latest OS

    Windows 10 WARNING: Another reason to upgrade to Microsoft’s latest OS

    Microsoft is trying to prevent the outbreak of a computer worm by urging owners of older Windows systems to patch their machines. Microsoft says the downloads for in-support versions of Windows can be found in the Microsoft Security Update Guide.

Comments

Latest news

Google Makes New Push to Bolster Travel-Related Searches
Previous year , we simplified trip planning by making navigation between Google Flights , Hotels, and Trips easier on smartphones. In a few weeks time, Google says, there'll be support for manually adding new reservations as well.

U.S. targets $300B of Chinese goods for new tariff hikes
Trade Representative Robert Lighthizer said that trade talks fell apart because China reneged on some of their commitments. This followed Washington's decision last week to hike its levies on $200 billion of Chinese imports to 25% from 10%.

Four dead, two missing after planes collide in US
At least five people have tragically died after two floatplanes crashed off the coast of southeastern Alaska on Monday afternoon. Three Princess Cruises passengers and one pilot died after two excursion float planes collided near Ketchikan, Alaska, on Monday.

Rick and Morty Season 4 Release Date Set for November 2019/Film
But soon, they'll be able to see what happens next, as the fourth season will premiere later this year. Season 3 was comprised near-completely of standout episodes with a wide variety of tones.

What you need to know about the U.S. measles outbreak
Tausz said 14 people in Johnson County ended up with measles due to last spring's outbreak. Measles vaccination rates climbed above 90%, where they've remained .

Space shocker: Earth's moon is shrinking, experiencing seismic activities
What's more, the constant rain of micrometeoroids should have erased these tracks, suggesting that they are relatively fresh. However, while valuable, the Apollo data could not pinpoint the epicentres of the quakes to understand how they're caused.

Video shows Texas officer fatally shoot woman during altercation
When she got up and pushed the officer away, the cop pulled out his gun and shot her multiple times at very close range. The unnamed woman was on the ground and appeared to reach towards the officer when she seemed to say "I'm pregnant".

Miley Cyrus Headlines Netflix's 'Black Mirror' Season 5 Trailer
The Wrecking Ball singer filmed scenes for the fifth instalment, shooting alongside Marc Menchaca ( Ozark ), in South Africa. The series will see three all-new stories from creator Charlie Brooker and executive producer Annabel Jones.

Apple Launches iOS 12.3 And tvOS 12.3 With New TV App Updates
Apple's original video subscription service, Apple TV+, will also be accessible from this app when it launches in the fall. AirPlay 2 will enable users to play media content from their iPhone , iPad or Mac directly to their Samsung Smart TV.

Impossible Foods Now Worth 2 Billion Thanks to Celeb Investments
Also in April, the world's second largest burger chain, Burger King, debuted the Impossible Whopper in a regional test in St. He pitched them the idea of a plant-based food that would taste like meat with fewer environmental or health risks.

Tiger Woods says Bethpage Black can be 'mentally and physically
Jordan Spieth won his first major at the 2015 Masters, and the next one two months later (at Johnson's expense) at Chambers Bay. Not that Koepka cares much about the attention, at least not until folks are cheering for the guy lifting the Wanamaker Trophy.

West Brom to hold talks with Hughton next week
West Brom was without suspended star striker Dwight Gayle but got a goal from Craig Dawson in the 29th minute to draw level. Norwich City and Sheffield United were promoted automatically after finishing as the top two in the regular season.

'Stranger Things' Is Getting A Crazy Lego Set That Goes Upside Down
That's on the more expensive side of LEGO sets, but it's also one of the cooler sets we've seen in awhile. Stranger Things recently dropped its latest trailer for its forthcoming third season on March 20.

Jeremy Kyle: Danniella Westbrook shouldn't have appeared on the show
Jeremy Kyle's flagship talkshow has been cancelled but ITV said it will continue to work with him on other projects. On Tuesday, Culture Secretary Jeremy Wright said TV firms must support participants in their shows.

Donald Trump meets the Hungarian leader that Obama and Bush avoided
In Orban's case this could mean that Hungary is going to buy U.S. weapons worth hundreds of millions or even billions of dollars. The meeting could also be seen as an attempt to discourage Hungary from strengthening ties with Russian Federation and China.

Other news