Bitcoin jumps above $7,000 to 9-month high
Bitcoin was hovering above $7,000 on Monday after climbing to a nine-month high over the weekend.
The cryptocurrency jumped to $7,585 on Sunday, its highest level since August, according to Refinitiv data based on the Bitstamp exchange.
Ethereum, the second-largest digital asset by market capitalisation was down 2.6 per cent over the past 24 hours, according to Coinmarketcap
Bitcoin recorded a strong performance last week, rising 22 per cent. That reignited suggestions from the cryptocurrency community that the digital asset acts as a haven in times of uncertainty, as stock markets pulled back on heightened US-China trade tensions.
Bitcoin has surged by more than 90 per cent since the start of 2019, but remains short of its all-time high seen at the end of 2017 when it climbed above $19,000.