Bitcoin tests USD7,500 as crypto tokens rally back to June levels

Cryptocurrencies extended their rally yesterday, with Bitcoin breaking above USD7,500 for the first time since June as the market seeks to shrug off some of the security and regulatory concerns that have plagued it for much of the year. Yesterday’s rebound was broad. The MVIS CryptoCompare Digital Assets 10 Index, comprising the 10 biggest, most liquid coins, rose as much as 11 percent, before paring its gain to 8.2 percent as of 7:55 a.m. in New York. Bitcoin, the largest digital asset, was 1.4 percent higher, according to Bloomberg composite pricing. Rival tokens including Ripple, Ether and Litecoin were mixed […]