Bitcoin climbed above $4,000 for the first time this year, helping to push the volatile cryptocurrency into positive territory after a brutal 2018 that saw investor post losses of more than 70 percent.
The biggest digital currency gained as much 6.4 percent to $4,077 in New York. Other tokens were mixed, with Litecoin jumping as much as 22 percent and Ether down about 1 percent.
“In technical analysis this makes these levels very strong,” said Mati Greenspan, senior market analyst at eToro in Tel Aviv. “But I think only once we see a strong break above 5,000, 6,000, if we get above 7,500, that’s when people start to turn really bullish.”
Read more at Bloomberg.