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Bitcoin Tops $8,000 Hits Highest Since July 2018

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Bitcoin Tops $8,000 Hits Highest Since July 2018

2019-05-14 08:02:461 Oct 2018 01:53 AM EST

NEW YORK (Reuters) - Bitcoin surged to more than $8,000 late on Monday, its highest level since July last year, as the cryptocurrency’s rally gained further momentum. But there is an ongoing blockchain and cryptocurrency conference in New York called Consensus, with big investors and influential market players gathered to network and discuss the current state of the industry. But it is too soon to declare bitcoin as a safe-haven asset, they said. This occurs when the 50-day simple moving average has crossed above the 200-day moving average.

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