Crypto: Bitcoin keeps rallying even as stocks and bonds take a hit
The sharemarket had a rough start to the week; yet the largest cryptocurrency has continued to climb to $US42,000, its highest level in 19 months.
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The sharemarket had a rough start to the week; yet the largest cryptocurrency has continued to climb to $US42,000, its highest level in 19 months.
Bitcoin rose as much as 6.1% to reach $42 144 earlier and was trading at $41 803 as of 4 p.m. on Monday in New York.
Bitcoin topped $42,000 as frenzied speculation in cryptocurrencies gathers pace, extending its rally to over 150% in 2023. Read more.
Its daily market share plunged to as low as 47% on on April 6, just after a separate lawsuit from the US Commodity Futures Trading Commission.
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