Bitcoin Has More Than Doubled This Year In Resurgence

Cryptocurrencies are rallying on expectations for spot ETFs
Court formalized a victory for Grayscale in fight with SEC

Bitcoin Hits $35,000 for First Time Since 2022

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By Teresa Xie and David Pan

October 25, 2023 at 2:57 PM UTC

Corrected

November 6, 2023 at 2:01 PM UTC

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Bitcoin has now more doubled in value this year in a surprising resurgence from a tumultuous 2022 that had some skeptics predicting the demise of digital assets.

The largest cryptocurrency by market value rallied for a third day, pushing the price back to around $35,000, the highest level in about 18 months. Bitcoin tumbled 64% last year amid industry scandals and bankruptcies. It reached a record of almost $69,000 in late 2021.