Within less than two hours, the Bitcoin price surged from $3,920 to $4,137 by more than 5 percent against the U.S. dollar. The abrupt and strong performance of the dominant cryptocurrency fueled other major crypto assets in the likes of EOS, Ethereum, and Litecoin to record large gains in the range of 4 to 7 percent. Ethereum spiked from $147 to $157 immediately after the initial price movement of Bitcoin by around 6.8 percent. Confidence is Returning to Bitcoin and the Crypto Market Speaking to CCN, Three Arrows Capital CEO Su Zhu stated that the recent price movement of cryptocurrencies
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