Bitcoin Defies Slump in Risky Assets to Trade at 19-Month High
- The largest digital asset extends rally for sixth straight day
- Token’s correlations in global markets have ebbed this year
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Bitcoin shrugged off a dip in global stock markets to set another more than 19-month high, a sign of its decoupling from other assets.
The token jumped as much as 4.5% to about $43,940 in New York on Tuesday, adding to a surge over Sunday and Monday that pushed it above $40,000 for the first time in almost two years. In contrast, gauges of global shares and bonds are nursing losses since the start of the week.