Bitcoin rebounds from 2018 slump, lifts Blockchain-related stocks
13/05/2019 14:47
(Updates)
** Shares of cryptocurrency and blockchain-related stocks
gain as Bitcoin crosses $7,000 over the weekend to hit a
12-month high
** Bitcoin on the Bitstamp exchange BTC=BTSP was last up
5.7% at $7,372.59, recovering all of its losses from a major
slump late last year
** Bitcoin surges over 1,000 points from Friday's close
** DPW Holdings DPW.A soars more than 22%, Riot Blockchain
RIOT.O 13%, Marathon Patent Group MARA.O 7%
** Xunlei Ltd XNET.O , China's peer-to-peer file sharing
software maker, reverses premarket gains to fall 1.2% as it
reports a y/y fall in Q1 revenue urn:newsml:reuters.com:*:nGNX8WnzK8
** With no major news factors behind the aggressive
appreciation, the sharp $1000 jump over the weekend remains a
mystery to investors - Lukman Otunuga, research analyst at FXTM
** This comes amid a broader market sell-off where the three
main U.S. stock indexes are down more than 1.6% on escalating
trade tensions .N
** Ethereum ETH=BTSP also touched a 6-month high on
Saturday, last up 3.2% at $194.22
(Reporting by Medha Singh in Bengaluru)
((medha.singh@thomsonreuters.com))