Bitcoin broke above $20,000, ending its longest run below that price level since the token first breached the threshold in late 2020.
The largest cryptocurrency by market value, rose as much as 5.3% to $20,412 Tuesday, posting its biggest one-day gain since Sept. 27. The token has traded below $20,000 for nearly three weeks, breaking from the coin’s trademark volatility. Other digital assets followed with Ether gaining as much as 12.8% to trade at $1,525, its highest price in more than a month. And so-called alt-coins like Solana and Dogeoin also advanced.