Seeking Alpha
2020-04-30 09:27:11

Crypto on a tear as Bitcoin tops $9K

The big gains being seen in the stock market are being mirrored in the crypto realm.Bitcoin (BTC-USD) has soared 18.6% to $9,388.30 in the last 24 hours, while the entire market capitalization of cryptocurrencies jumped by $35.3B."We could be seeing a lot of money flowing into equities and crypto as well, as a result of the new money printing," said Vijay Ayyar, head of business development at crypto exchange Luno. Other are pointing to an event known as bitcoin "halving."Ethereum (ETH-USD) +12%; Bitcoin Cash (BCH-USD) +13.6%; Ripple (XRP-USD) +6.5%.

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