Bitcoin rallies 14% to its highest level since November
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 jumped suddenly on Tuesday, following months of relatively low volatility in an asset once known for its wild price swings. The digital asset has added over $14 billion to its market value in the last 24 hours, according to CoinMarketCap.
Experts attributed the price hike to a breakout from a closely-watched resistance level of $4,200. Bitcoin had been hovering around the $4,000 mark for several months.