INSUBCONTINENT EXCLUSIVE:
By Dave LiedtkaBitcoin surged the most on an intraday basis since December after breaking through key technical levels.
The biggest
cryptocurrency climbed as much as 16.9 percent, piercing both the $7,000 and the $8,000 levels in a matter of minutes
Bitcoin swung wildly between gains and losses in December while reaching a record high of almost $20,000 before crashing.
Thomas Lee, head
tax-related selling almost over and speculative short investors being squeezed out of the market for the surge.
Some backers of the digital
a bubble in January, was said last week to have authorized his $26 billion family office to trade digital assets.
