Bitcoin up more than 5% near one-week high
Tweet
Share
E-mail
FILE PHOTO: A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo
(Reuters) - Bitcoin, the world's largest cryptocurrency, rose more than 5.3% on Wednesday to $37,978, near a one-week high. It has risen about 125% so far this year.
While bitcoin remains far from the investment fever pitch it hit in late 2021, the crypto sector has enjoyed a rally in recent weeks as the expected end of central bank rate-hiking cycles draws cash back into high-risk assets.
(Reporting by Hannah Lang in Washington; Editing by Chris Reese)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Strategy sells 6.6M shares and 1,690 bitcoin in weekly ATM update
- Strategy sold 1,638 bitcoin last week
- Strategy is prioritizing liquidity over bitcoin accumulation
Create E-mail Alert Related Categories
Cryptocurrency, Momentum Movers, ReutersRelated Entities
BitcoinSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
