{"id":240487,"date":"2018-04-25T07:16:34","date_gmt":"2018-04-25T05:16:34","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=240487"},"modified":"2018-04-25T07:16:34","modified_gmt":"2018-04-25T05:16:34","slug":"bitcoin-is-surging-again","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/240487\/bitcoin-is-surging-again\/","title":{"rendered":"Bitcoin is surging again"},"content":{"rendered":"<div class=\"article-content\">\n<p>Amid a sea of red in financial markets, Bitcoin is still flashing green.<\/p>\n<p>The biggest cryptocurrency climbed as much as 5.4% Tuesday to $9,412, the highest since March 7.<\/p>\n<p>Bitcoin has gained 20% in the past week and 37% in April, on track for its best month since its record-breaking December.<\/p>\n<p>Bitcoin is rebounding from its worse start to a year ever, as it slumped more than 50% in the first quarter and plunged to as low as $5,922 from almost $20,000 at the end of last year.<\/p>\n<p>The cryptocurrency market is gaining as tax-related selling ends and regulatory-related headlines fade, while Wall Street signals increasing interest in the space.<\/p>\n<p>Goldman Sachs Group Inc said Monday that it hired Justin Schmidt as head of digital asset markets to help clients gain exposure to cryptocurrencies, and cryptocurrency-focused hedge funds have continued to open even amid the market slump earlier this year.<\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/04\/Bitcoin-1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-240489\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/04\/Bitcoin-1.png\" alt=\"\" width=\"1200\" height=\"675\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/04\/Bitcoin-1.png 1200w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/04\/Bitcoin-1-300x169.png 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/04\/Bitcoin-1-768x432.png 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2018\/04\/Bitcoin-1-1024x576.png 1024w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/a><\/p>\n<\/div>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/banking\/239035\/bitcoin-whale-sightings-leave-bitcoin-traders-jumpy\/\" target=\"_blank\" rel=\"noopener\">Bitcoin whale sightings leave Bitcoin traders jumpy<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid a sea of red in financial markets, Bitcoin is still flashing green.<\/p>\n","protected":false},"author":59,"featured_media":208605,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[5537],"class_list":["post-240487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-bitcoin"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/240487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=240487"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/240487\/revisions"}],"predecessor-version":[{"id":240491,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/240487\/revisions\/240491"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/208605"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=240487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=240487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=240487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}