Bitcoin Gains as Crypto Unbowed by Latest Regulatory Crackdown
- Largest digital asset has jumped more than 70% this year
- Tokens tied to Justin Sun rise even after SEC files charges
This article is for subscribers only.
Bitcoin resumed its push back toward $30,000 and smaller digital tokens rallied as a broad renewal in risk appetite prompted investors to downplay a widening regulatory crackdown.
The oldest cryptocurrency gained as much as 5.2% to trade around $28,812. Bitcoin traded just under $29,000 on Wednesday until the Federal Reserve raise rates as expected. The token, which hasn’t traded at $30,000 since June, has jumped about 70% this year.