New York (CNN Business) Bitcoin prices shot up 15% Tuesday and briefly rose above the $5,000 level for the first time since November. Nigel Green, founder and chief executive of deVere Group, simply said in a report that "there is a growing sense that Bitcoin is back." Green added that "this dramatic jump is likely to attract many investors who have been sitting on the sidelines," including big institutions. Wild swings for bitcoin are the norm. So this shouldn't be all that surprising, argued Naeem Aslam, chief market analyst with TF Global Markets (UK) Ltd, in a report.

Source: CNN April 02, 2019 17:15 UTC