Bitcoin Spikes After G-20 Expresses No Desire for Crypto Oversight

Bitcoin is rallying after the Group of 20 nations steered clear of calling for a coordinated clampdown on the cryptocurrency market.

The largest digital currency jumped as much as 5.5 percent to $8,889 after hovering between 8,400 and 8,600 for the past day. Bitcoin is clawing its way back from a drop below $8,000 to a one-month low on Monday.