Bitcoin USD (CCC:BTC-USD) rallied on Sunday as the cryptocurrency took another swing at the US$8,000 plateau.
Its value climbed as high as US$8,264 overnight before dropping back Mornday morning. The Sunday recovery followed a selloff Friday below the US$7,000 level that briefly undermined cryptocurrency bulls.
Investors have turned to Bitcoin and other cryptos as stocks have been volatile as the US-China trade war continues to escalate. Since the crypto crossed the US$5,000 threshold on April 5, the first time in five months, the Dow has fallen about 650 points.
After its weekend jump, Bitcoin dropped nearly 4% Monday to US$7,870.34.
The company, registered in Geneva on May 2, focus on “investing, payments, financing, identity management, analytics, big data, blockchain and other technologies.”
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