Bitcoin climbs back above $7,000

Bitcoin has jumped above $7,000, continuing a stunning comeback for the cryptocurrency in 2019.

The virtual currency climbed close to $7,600 on Sunday, according to industry website CoinDesk. It’s since pared gains, but is still holding above that $7,000 level.

It marks yet another move higher for the world’s most-valuable cryptocurrency, which is now up nearly 90% since the start of the year.

That’s despite negative headlines surrounding bitcoin exchange Bitfinex, whose parent company has been hit with a probe in New York, and Binance, which was hacked in a heist that lost more than $40 million in bitcoin.

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