Bitcoin rallies to a six-month high, other cryptocurrencies also jump

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Bitcoin jumped more than 7% to around $5,750, its highest level since November 14.

, also climbed. Ether moved about 5% higher to just shy of $170, while XRP was up nearly 2% at a price of 31 cents.

The entire market has added nearly $10 billion in value over the last 24 hours, according to CoinMarketCap. Cryptocurrencies are still well off their late-2017 highs, with bitcoin still about 70% off its near-$20,000 all-time peak. The market suffered a massive slump last year, but sentiment appears to be improving in 2019.

Mati Greenspan, senior market analyst at social trading firm eToro, said the move was likely a "continuation" of an

 

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Short indicator

Chinese and Iranian money laundering. Won't last.

the currency of criminals!...you do realize that as countries enter unstable economies as VZ, Russia and the likes ...these crypto currencies will be their alternative. so a bet on these is a bet on further world market collapse

Iam shaking my head by reading the headline. I believe you guys at misspelled jump for dump. If the king rise the subjects bow down.

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