Bitcoin Defies Bad Tidings to Register Its Best Week Since 2021
- Biggest digital currency is up more than 11% so far this week
- And open interest of Bitcoin futures on the CME is increasing
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There may be a lot of bad stuff going on in the world of crypto right now, but Bitcoin true believers don’t seem to care.
The largest digital currency by market value has gained roughly 12% so far this week, on pace for its best weekly performance since October 2021, Bloomberg data show. Other tokens have also gained, with an index of the 100 biggest coins adding more than 10%. Shares of some crypto-related companies are up even more, with Bitcoin miner Marathon Digital adding more than 60% this week.