Bitcoin has surged 30 per cent in four days as investors flock back to cryptocurrencies

May 15, 2019 – Sydney Morning Herald

As the value of the original crypto coin surged more than 30 per cent to beyond $US8,000 ($11,500) since Friday, Bitcoin’s market share as a percentage of the entire crypto universal increased to about 60 per cent from 53 per cent per cent on January 1, according to data provider

“Bitcoin’s recent dominance amidst bullish conditions is quite interesting since in traditional asset classes we typically see a flight-to-quality amidst bearish conditions,” Josh Gnaizda, chief executive officer of Crypto Fund Research, said in an email…


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