Cryptocurrency prices surged on Thursday, led by a big jump in bitcoin.
The entire market capitalization or value of cryptocurrencies jumped $35.3 billion in 24 hours as of 2.19 p.m. Singapore time, according to data from CoinMarketCap.com.
Bitcoin, which accounts for most of that movement, was at $9,388.30 — or up 18.57% in the last 24 hours as of 2.03 p.m. Singapore time, Coindesk data showed. That’s the highest level since March 7.
Cryptocurrencies saw two major bouts of selling in March amid the broader plunge in equity markets. But they have now recovered that ground.
