New York — The world’s largest cryptocurrency rallied above $10,000 again amid optimism digital assets will continue to benefit in the wake of unprecedented global fiscal and monetary stimulus.
Bitcoin rose about 5% on Tuesday to trade near $10,168 midmorning in New York. The rally catapulted the coin to its highest level since mid-February. Bitcoin has advanced more than 40% in 2020, while peer tokens, including litecoin and bitcoin cash, have also posted double-digit gains. Bitcoin still remains about 50% below its record high set before the collapse of the crypto bubble in late 2017...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.