The cryptocurrency market cap surged above $260 billion in early Asian trading tonight as the entire space legs to a new cycle high, led by Litecoin with Bitcoin hitting 12-month highs.
Source: CoinMarketCap.com
Litecoin is up around 12% in the last hour and the rest of the crypto-space is up 7-8% suddenly…
Bitcoin broke out of its recent tight range around $8000, surging up to $8800…
Its highest level since May 2018…
But almost the entire cryptospace is a sea of green…
Source: Coin360.com
While the timing is coincidental with EU election exit polls hitting (suggesting a significant shift to eurospektic parties), there is no indication of the buying pressure coming from that, rather more likely a renewed interest from Asia as US-China tensions continues to escalate and residents seek an alternative safe haven.
