Bitcoin jumps over 7% as crypto market rebounds

The price of Bitcoin surged over 7% on Tuesday as the cryptocurrency market rebounded from the last week's drop. Media reports seemed to suggest institutional interest in digital currencies surged during last month, with JPMorgan Chase & Co., BlackRock Inc., and others investing in Bitcoin.

Bitcoin was up 7.35% at 12:27 pm CET, changing hands for $19,275.14.

Meanwhile, Ethereum jumped 9.86% to sell for 634.55. The Ethereum blockchain is set to be upgraded to today, with the 2.0 version promising to boost the speed, efficiency, and scalability of the network.

Breaking the News / MD