Bitcoin Price Surges to $8450 as Tax Season Comes to Close

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Following a first quarter of declines in 2018, Bitcoin has jumped sharply in recent days to $8450 Sunday morning, up 5% over the past 24 hours.

The cryptocurrency market is eyeing a move towards the $350 billion region and it has already crossed $334 billion, according to CCN.

Bitcoin is still down 50 percent from its all-time high at $19,000 back in December.

Over the past week, many alternative cryptocurrencies (altcoins) like 0x, OmiseGo, STORM, and WanChain have outperformed bitcoin, CCN also noted.

An end to the U.S. tax season may be contributing to the surge, some experts believe.

- Aaron Goldstein,

Business/Financial News

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