Cryptocurrencies
Bitcoin Bounces Above $20,000; Doge Jumps After Musk Twitter Bid
- Largest token posts biggest 2-day increase since September
- Recent rally is just ‘more of what we’ve seen,’ says Purves
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Cryptocurrencies advanced alongside US stocks, with Bitcoin posting its biggest two-day increase in about a month, as investors speculate central banks could soon pull back from aggressive interest-rate hikes.
Bitcoin, the largest digital coin by market value, rose as much as 4% on Tuesday to trade around $20,372, its highest since Sept 15. That’s in line with broader gains in US stocks. The S&P 500 posted its best two-day surge since April 2020.