Bitcoin inches towards $6,000 level

Climbs 4.7 per cent to hit a fresh 2019 high after it plunged to below $4,000 level in November 2018

Bitcoin climbed to a fresh 2019 high, approaching the $6,000 level for the first time since November. The largest digital coin climbed as much as 4.7 per cent to $5,961 as of 9:25 am in London, according to Bloomberg composite pricing. Most of the other highly traded tokens were up as well, though they lagged Bitcoin.

The world’s most-followed cryptocurrency has been drawing attention from technical analysts and conventional investment firms as it claws its way back from last years 74 per cent plunge that took it below $4,000.