Bitcoin jumped suddenly on Tuesday, following months of relatively low volatility in an asset once known for its wild price swings.
The price of the world’s largest cryptocurrency bounced 14 percent higher to about $4,700, according to CoinDesk data, reaching its highest level since late November.
Bitcoin also briefly touched the $5,000 mark on the Luxembourg-based Bitstamp exchange. The digital asset has added over $14 billion to its market value in the last 24 hours, according to CoinMarketCap.
