Over the weekend, trading in digital token gained momentum and on the back of it, the cryptocurrency gained a little over $7000 in price, its highest price since September. As per Bitstamp pricing, the price of the most famous cryptocurrency earlier hit $7,585 and at 9:01 am Tokyo time traded at $6957.73.
Though the currency is on the surge ever since the start of May, it is way far from its previous highs reached in 2019 of $19,000.
The trade in such digital tokens and their fate is still hanging among the regulations and a series of theft reported from the various exchanges across the world. In the last week, Finance alleged that 7000 bitcoins valuing $40 million have been withdrawn in a single transaction in a large-scale security breach.