Skip to content
Subscriber Only
Markets
Crypto

Bitcoin’s January Surge Rekindles Memories of Crypto Bubble

  • Largest digital asset breaks downward trend; Altcoins jump
  • CME launch ‘probably added fuel’ to Bitcoin gain: Luno’s Ayyar
Video player cover image
What to Expect From the Tech Behind Bitcoin in 2020
Updated on
From

Bitcoin is off to its best start to a year since 2012, gaining about 20% in two weeks amid a renewed enthusiasm that is reviving memories of the mania of a few years ago.

The world’s largest virtual coin rallied after climbing out of the downward price channel it’s been trading in for weeks, rising as much as 8.9% to $8,854, the highest since November. So-called altcoins were doing even better, with Dash and Bitcoin SV more than doubling and Bitcoin Cash up 60%.