Bitcoin Price Jumps 20% on Technical Breakout: More Coins Follow

It has been a while since we last saw a major Bitcoin price increase, but Tuesday seems to be a big day for crypto traders as BTC jumped over 20% to cross the physiological mark of $5000 on the Luxembourg-based Bitstamp exchange. Other virtual currencies also rose, with Ethereum (ETH) and Bitcoin Cash (BCH) climbing around 10%.

Bitcoin, the world’s largest and most popular cryptocurrency by market capitalization, saw a sudden jump of about 17% within 30 minutes on Tuesday, hitting its best level since mid-November 2018.

Although many key industry followers expected the …

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