Bitcoin Tops $25,000 as Crypto Looks Past Regulatory Woe
- Bitcoin last traded at or above $25,000 level in August 2022
- Tokens are rallying despite US regulatory crackdown on crypto
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A rally in Bitcoin took the token above $25,000 for the first time since August amid broad gains in crypto markets as investors shook off concerns about a US regulatory clampdown.
The largest digital asset rose as much as 3.4% to $25,002 as of 10:57 a.m. in New York. Smaller tokens such as Ether, Cardano and Avalanche also pushed higher.