Bitcoin (BTCUSD) Broke the Psych Resistance at $7000 Each
Bitcoin, the biggest digital coin rose 12% Tuesday.
The move accelerated as the cryptocurrency pushed past the 7,000 price mark for the 1st time in more than a month.
Currently, Bitcoin is trading at 7,462.686523,+796.020020, or +11.940341%, as of 5:20a BST, the market is open.
Bitcoin last traded above $7,000 on June 8, before getting caught in a sector wide sell-off that wiped out about $42-B over the following weekend.
Some observers pinned that retreat on an exchange hack in SKorea, while others pointed to lingering concern over a clampdown on trading platforms in China.
Cryptocurrency venues have come under scrutiny around the world in recent months due a range of issues including thefts, market manipulation and money laundering.
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