Bitcoin, Bitcoin cash & Litecoin hitting 7-week high on Coinbase and other exchanges
Bitcoin jumped about 10% in 20 minutes on Tuesday, with no obvious news spurring the price rise, and that was at the top of 4% upside it had end of last week. Market analysts and coinbase have mentioned that new money coming into the market could have created a short squeeze, forcing traders who bet against bitcoin to buy the digital currency to cover their losses. At the same time ETH seems to stay in under $500 line and is not following exactly what is happening in bitcoin.
CNBC’s Melissa Lee:
Bitcoin hits 7-week high on Coinbase from CNBC.
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