Skip to content

Bitcoin Gains the Most Since July While Breaking Trading Range

  • Crypto market rebounds as dollar decline boosts risk assets
  • Bitcoin has been stuck in narrowest range in two years
Video player cover image

Sept. 6: We're On to Next Leg of Bitcoin Rally, Morehead Says

Updated on

Bitcoin rallied the most since July, breaking out of the narrowest trading range in about two years, as a drop in the dollar renewed demand for battered risk assets worldwide. 

The largest cryptocurrency by market value advanced as much as 10.1% to $21,341 as of 12:05 p.m. in New York. The increase was the most since July 19. Bitcoin is outperforming most of the other top tokens such as Ether and Cardano. Bitcoin and Ether are still both down about 50% this year.