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5/14/2019, 9:05 PM (Source: TeleTrader)
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Bitcoin trades slightly higher to stay near $8,000

Bitcoin traded higher on Tuesday, extending the earlier gains and rising over 53% in the past month. The world's most popular cryptocurrency added 1.45% to sell for $7,878.50 at 2:47 pm ET.

Yesterday, bitcoin soared amid general market volatility surrounding the trade dispute between the US and China. Last week, Washington decided to increase the existing tariffs on Chinese imports to 25%, prompting Beijing to introduce retaliatory measures, scheduled to take effect next month.

Meanwhile, ethereum advanced 4.31% to go for $204.630 at 3:04 pm ET. Bitcoin cash fell 3.61% to $369.910 at the same time.

Breaking the News / SS