5/17, 4:06 PM (Source: TeleTrader)
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Cryptos surge, Bitcoin back to over $30,000

The world's leading cryptocurrency rose on Tuesday, with Bitcoin up more than 2% going back to over $30,000, and its peer, Ether, climbing more than 4%.

Coincidentally, cryptocurrencies were responding positively at the same time as the stock market, after a plunge last week wiped out some $400 billion in market value. The rally also coincided today with the announcement that three German Volksbanks and a savings bank plan to offer cryptocurrencies in the future with the help of the Stuttgart Digital Stock Exchange (BSDEX).

Bitcoin surged 2.24% at 10:05 am ET, selling for $30,534, while Ether rose 3.68% to go for 2,094.87 at the same time.

Baha Breaking News (BBN) / JG