Bitcoin Lifts Crypto Mood by Retaking 17-Month Peak; SOL Jumps
- The largest cryptocurrency has climbed back above $35,000
- Fed’s interest-rate outlook, ETF optimism are helping crypto
The largest digital currency jumped around 1.5% to $35,185 early Wednesday in New York, before turning negative.
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Bitcoin rose back to a more than 17-month high amid hopes the Federal Reserve is done with interest-rate hikes and expectations that a fresh source of demand is brewing in the exchange-traded fund industry.
The largest digital token added 4% in the past 24 hours and traded at $35,840 as of 10:53 a.m. in Singapore on Thursday. Some smaller coins climbed, including the Solana network’s SOL token, which is up 142% to $42 since mid-September.