Bitcoin Rallies Past $30,000 Mark for the First Time Since June
- World’s largest digital asset gains about 80% year to date
- Analysts say rebound is partially due to lower liquidity
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Bitcoin climbed above $30,000 for the first time since June, bolstered by bets on easier monetary policies that have made cryptocurrencies standout performers this year.
Bitcoin is now up 82% since Dec. 31, handily beating the tech-heavy Nasdaq 100’s 19% gain. Gold, another investor favorite this year, has climbed around 10%. Crypto’s rapid ascent has seen Bitcoin vault past where it stood when hedge fund Three Arrows Capital imploded last summer — yet it remains more than 50% below its all-time high in November 2021.