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By Akshay Chinchalkar

March 29, 2023 at 11:46 AM UTC

Updated on

March 29, 2023 at 5:22 PM UTC

This article is for subscribers only.

Bitcoin renewed its climb toward $30,000 with risk appetite rising across global markets and concern about the fallout from Binance’s legal woes waning.

The largest cryptocurrency by market value rose for a second day, gaining as much as 4.9% to $28,638 on Wednesday. It had climbed to just below $29,000 on March 22, the highest since June. Other tokens also rallied, with XRP jumping about 4.4%, Cardano increasing 7% and Polygon rising 3%. Ether was up less than 2%.