Major cryptocurrencies are soaring after bitcoin made its first big jump in months
Yu Chun Christopher Wong | S3studio | Getty Images
A photo illustration of the digital Cryptocurrency, Litecoin (LTC), Monero (XMR), Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Dash are seen on September 13 2018 in Hong Kong, Hong Kong.
Hot on the heels of bitcoin surging to multi-month highs, other major cryptocurrencies are also posting big moves upward.
one potential catalyst behind the surge in bitcoin was likely tied to a Reuters report of a private buyer purchasing more than $100 million worth of bitcoin over a short period.