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Bitcoin hits highest since November, breaks $9,000 threshold | Currency News | Financial…

02 Feb Bitcoin hits highest since November, breaks $9,000 threshold | Currency News | Financial…

Posted at 07:57h in Cryptocurrency News by

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FILE PHOTO: An employee works on Bitcoin mining computer as a PC screen shows the fluctuations in Bitcoin exchange rates at Bitminer Factory in Florence, Italy, April 6, 2018. Picture taken April 6, 2018. REUTERS/Alessandro Bianchi/File PhotoReuters

  • Bitcoin soared past the $9,000 level in early Tuesday trading to hit its highest price since early November.

  • The coin jumped as high as $9,176.38 Tuesday morning, jumping alongside other cryptocurrencies as investors view them as a safe haven from coronavirus-driven market turmoil.

  • The months-high price follows a slump late last week, as Lunar New Year celebrations in China contributed to weakened demand for the cryptocurrency.

  • Watch bitcoin trade live here.

Bitcoin tore through the $9,000-per-coin level on Tuesday to hit its highest point since early November.

The coin jumped as high as $9,176.28 in Tuesday trading, trading up alongside other cryptocurrencies. Bloomberg’s Galaxy Crypto Index jumped as much as 1.7% to its loftiest level in more than two months.

The world’s biggest cryptocurrency has taken on the role of an unconventional safe-haven investment as coronavirus fears drag on traditional risk assets. US stocks on Monday dropped the most since October as…

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