Bitcoin prices surged more than 10% Tuesday, taking the No. 1 digital currency back above $7,000 for the first time in five weeks and on track to record its biggest daily gain since April 12. In doing so, bitcoin BTCUSD, +10.34% traded above its 50-day moving average, a closely watched momentum indicator. The rally for bitcoin has been aided by four consecutive winning days, which if gains hold also would represent its longest stretch since April. A single bitcoin last changed hands at $7,371.87, up 10.7% since Monday 5 p.m. on the Kraken crypto exchange. By comparison the Dow Jones Industrial Average DJIA, +0.36% has gained 0.3%, the S&P 500 SPX, +0.54% is up 0.5% and the Nasdaq Composite Index COMP, +0.74% is higher by 0.6%.
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Trump Today: President backtracks, now says he accepts Russia meddled in U.S. election On the defensive after a European trip that drew criticism from fellow Republicans as well as Democrats, President Donald Trump on Tuesday tweeted out defenses to his actions.
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