The Bitcoin Rally Is Back
- Cryptocurrency has soared more than 20% from Friday’s low
- Rally seen as confidence in autonomy from government control
The Wild Swings in Cryptocurrency Investments
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The bitcoin rally is proving hard to stop.
The cryptocurrency has breached $4,000, soaring more than 20 percent from the lows reached Friday, as concern eases that a crackdown by Chinese regulators will hinder the growth of the alternative method of exchange. After reaching a record high of $4,921 on Sept. 1, the digital currency fell as low as $2,975 on Sept. 15.