Bitcoin Thrives in Chaos, Breaks Above $28,000 For First Time Since June
- The token has not breached that threshold since June 2022
- Token prices rose despite a turbulent time for markets
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Turmoil in the banking sector, hotter-than expected inflation data, and renewed hopes for a dovish Federal Reserve has Bitcoin reaching levels not seen in about nine months.
The largest digital coin topped $28,000 for the first time since June 2022, trading at around $28,200 at 9:45 a.m in London on Monday. Bitcoin is now up more than 70% since the start of the year. Other tokens have rallied as well, with Ether gaining almost 50% since Dec. 31 and Solana, one of last year’s most beaten-down coins, more than doubling.