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Bitcoin Approaches $12,000 After Snapping Equities Correlation

  • IMF hosts panel on cross-border payments, digital currencies
  • Bloomberg Galaxy Crypto Index gains, rising as much as 4.5%

Bitcoin’s biggest rally in more than a week has pushed it to the brink of $12,000, a key level watched by chartists and technicians.

The world’s largest digital currency rose as much as 3.4% on Monday to around $11,835. Crypto fans are closely watching the $12,000 level as a major hurdle to cross before it can embark on a bigger rally.