Bitcoin Tests $7,500 as Crypto Tokens Rally Back to June Levels
- Largest digital token extends win streak, though gains cool
- Lack of bad news appears to be helping boost sentiment
This article is for subscribers only.
Cryptocurrencies extended their rally on Wednesday, with Bitcoin breaking above $7,500 for the first time since June as the market seeks to shrug off some of the security and regulatory concerns that have plagued it for much of the year.
Wednesday’s rebound was broad. The MVIS CryptoCompare Digital Assets 10 Index, comprising the 10 biggest, most liquid coins, rose as much as 11 percent, before paring its gain to 8.2 percent as of 7:55 a.m. in New York.