The cryptocurrency market cap surged above $260 billion in early Asian trading tonight as the entire space legs to a new cycle high, led by Litecoin with Bitcoin hitting 12-month highs. Source: CoinMarketCap.com Litecoin is up around 12% in the last hour and the rest of the crypto-space is up 7-8% suddenly... Bitcoin broke out of its recent tight range around $8000, surging up to $8800... Its highest level since May 2018... But almost the entire cryptospace is a sea of green... Source: Coin360.com While the timing is coincidental with EU election exit polls hitting (suggesting a significant shift to eurospektic parties), there is no indication of the buying pressure coming from that, rather more likely a renewed interest from Asia as US-China tensions continues to escalate and residents seek an alternative safe haven.