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5/3/2019, 12:50 PM (Source: TeleTrader)
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Bitcoin tops $6,000 to hit highest since November

Cryptocurrencies surged on Friday, with Bitcoin posting a massive increase in market capitalization, to above $100 billion. Aside from favorable technical factors, adoption among institutional investors and the current increase in volumes have underpinned the first and biggest of the assets in the group. The value is almost six times above Ethereum, which holds the second position. Transactions in dollars have particularly jumped lately.

An unconfirmed media report indicated Facebook is negotiating with partners including Visa and Mastercard about building infrastructure for payments based on a so-called stablecoin system. Bitcoin rallied 6.19% to $6,078 at 12:47 pm CET after spiking to $6,145, the strongest point since November 14. The exchange rate grew 6.52% to €5,140, compared to the day's high at €5,189.22, last seen also in almost half a year. Futures gained 6.49% to $5,740 at CME Globex.

Ethereum was 4.04% in the green at $176.09 and Bitcoin Cash, the fourth in market cap, soared 9.55% to $289.64. Earlier it touched $296.62 for the first time since April 23.

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