Bitcoin is expected to bottom in October. Here's why
This is the latest Distributed Ledger column from MarketWatch: a weekly look at the most important moves and news in crypto.
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This is the latest Distributed Ledger column from MarketWatch: a weekly look at the most important moves and news in crypto.
Bitcoin rose on Wednesday morning in Asia to near US$26,000. Ether also bounced back to near US$1,600. All other top 10 non-stablecoin tokens logged gains.
Cryptocurrencies have surged to their highest levels in months due to favourable regulatory and investment moves. The price of Bitcoin, which is up more than 90% for the year and nearly 30% in a month, reached its highest point since June 2022. Another popular token, Ether, saw its best session since March
A run of favourable regulatory and investment moves has started to shift momentum in cryptocurrency markets.
Bitcoin is up more than 90% for the year so far.