Bitcoin back on the rise after vaulting to new record
10 months, 1 week ago

Bitcoin back on the rise after vaulting to new record

Hindustan Times  

Bitcoin rallied again on Wednesday after retreating briefly from an all-time high it set less than 24 hours earlier, as bulls showed few signs of pulling their bets on the world's largest cryptocurrency. Bitcoin jumped 5% during the Asian session to an intraday peak of $66,540 in volatile trading, not too far from Tuesday's record high of $69,202. The rally is backed by ETF flow and an outlook that includes an ethereum upgrade and bitcoin "halving," which slows the flow of bitcoin minting, said Lennix Lai, global chief commercial officer at crypto exchange OKX. "That looks like classic bitcoin behaviour - it chews you up then spits you back out," said Matt Simpson, senior market analyst at City Index.

History of this topic

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