Cryptocurrencies
Cryptocurrency Rally Builds Steam as Bitcoin Surpasses $7,500
- Technical gauge points to further gains after turning positive
- BlackRock’s Fink says customers aren’t seeking exposure
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Cryptocurrencies extended their rebound on Wednesday as Bitcoin traded above $7,500 for the first time in a month, shrugging off security and regulatory concerns that have plagued the digital currency for much of this year.
Bitcoin climbed as much as 3.1 percent to $7,543, according to Bloomberg composite pricing. Rival cryptocurrencies including Ripple, Ether and Litecoin also advanced. Bitcoin remains more than 60 percent below its all-time high in December.