Crypto: Bitcoin Rallies, Marking a Key ‘Correlation’

#crypto #bitcoin #rally


Bitcoin BTCUSD +0.97%  prices have consolidated above a Key mark as most cryptocurrencies rose Thursday, helped along by slow but steady gains in the stock market.

The price of Bitcoin rose 2% over the past 24 hrs to above $20,500, having reclaimed the $20,000 mark Wednesday after falling through it a wk ago. The largest digital asset is trading at less than 1-third its all-time high near $69,000, reached in November 2021, but is now well above its $18,000 bottom that was hit during the trough of a selloff in mid-June.

At the time of this writing Bitcoin is trading at $21,833.15.

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Have a prosperous weekend, Keep the Faith!