Bitcoin breaches $8,000 level as year-to-date gain hits 120%
The price of a single bitcoin BTCUSD, +4.46% hit an intraday day high around $8,300 and in most recent trade the cryptocurrency was trading at $8,058.90, up 2.5%. The best-known coin has now gained around 120% year-to-date.The surge in the price of digital assets comes as the popular Consensus conference gets underway in New York.
The three-day event that attracts the biggest names in the cryptocurrency and blockchain sphere, where some industry heavyweights use the conference to promote and announce new products and partnerships. “There’s been no shortage of explanations for the recent spike, some more ludicrous than others and none that are nearly significant enough to match the size of the leap we’ve seen,” said Craig Erlam, senior market analyst at Oanda.
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