Cryptocurrencies
Bitcoin Closing Out Its Best Quarter Since the Bubble With Another Rally
- Largest digital token has nearly tripled since end of March
- Surge revives proclamations declaring it’s now digital gold
This article is for subscribers only.
Bitcoin surged anew Friday, and is set to cap the best quarterly rally since the height of 2017’s cryptocurrency bubble with another push higher following a week of extreme swings in prices.
The largest cryptocurrency jumped as much as $1,408, or 13%, to $12,094 in New York trading, according to prices available on the Bloomberg terminal. Bitcoin has almost tripled since March, the biggest quarterly jump since the three months ended in December 2017, which closed out a 1,400% return that year. The surge was followed by a more than 70% plunge in 2018.