Cryptocurrency

Cryptocurrency prices surge

After months of immobility and, at least as regards overall coverage, insignificance, it almost sounds like an April Fools’ joke one day late. But it isn’t. Within the space of less than an hour, the price of Bitcoins shot up over 20% against the US Dollar on Tuesday morning and thus for the first time since mid-November at times topped the USD 5,000 mark. Most of the other leading cryptocurrencies likewise posted tangible gains. In many places, the usual suspects were cited as having triggered the price hike, including fundamental and overall political conditions such as the low interest rates, or the Brexit chaos. Moreover, some pundits pointed out that the structure of the market, with countless trading hubs spread around the globe, can mean that broadly dispersed larger buy requests can lead to greater price fluctuation. Reports of successes made with an upgrade of the Ethereum trading platform also…