7/17/2018, 9:08 PM (Source: TeleTrader)
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Bitcoin touches five-week high on risk appetite

Bitcoin spiked to $7,483.9 on Tuesday. The most widely traded cryptocurrency touched the strongest level since June 10 amid a wide surge in appetite for risk, which today sent gold to the lowest level in a year, while major technology stocks in New York took the Nasdaq 100 to record. Yields on shorter-term government debt of the United States rallied to the highest marks in a decade on upbeat economic data and optimistic remarks in Congress by Federal Reserve Chair Jerome Powell.

Japan's SBI Holdings has started full operations of its VCTrade crypto exchange. Of note, a report that BlackRock is was looking at opportunities in the market, including Bitcoin futures, has earlier prompted a cryptocurrency buying spree.

The benchmark digital coin jumped 9.3% to $7,355.2 at 9:06 pm CET. The exchange rate against the euro surged 9.47% to 6,289.92. Futures for settlement this month soared 10.29% to $7,345 at CME Globex. Spinoff virtual currency Bitcoin Cash was up 6.32% at $852,43, following a rise to $874.68, last seen on June 22.

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