Cryptocurrencies
Bitcoin Climbs With Harris Pledging Regulatory Framework Support
- Rotation from tokens to Chinese stocks seen as less likely
- Largest cryptocurrency rises above 200-day moving average
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Bitcoin climbed to the highest level in two weeks with Vice President Kamala Harris pledging to support a regulatory framework for cryptocurrencies.
The promise added to optimism seen during Asian trading hours that a mixed reaction to China’s latest stimulus will embolden speculators to chase after cryptocurrencies rather than the nation’s stocks.