Cryptocurrencies

Bitcoin Climbs to $51,000, Hits Highest in More Than Two Weeks

Largest cryptocurrency benefited from a rebound in risk ardor
Bitcoin is set for a third annual gain after a 76% 2021 rally

WATCH: Bitcoin rose above $50,000 for the first time in almost two weeks. Emily Graffeo reports.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Emily Graffeo and Akshay Chinchalkar

December 23, 2021 at 7:28 PM UTC

Updated on

December 24, 2021 at 4:12 AM UTC

This article is for subscribers only.

Bitcoin rose to about $51,000 and touched the highest level in more than two weeks, buoyed by wider positive sentiment in financial markets.

The largest cryptocurrency has advanced some 4% over the past two days and at one point reached $51,524 on Friday in Asian trading. Ether, the second-largest token, was near $4,100.