Bitcoin Advances to Highest Since November as Risk Assets Rally

Bitcoin rose to an more than one-month high and broke through a closely watched technical level as digital assets start to catch up with gains in stocks and precious metals.

The largest cryptocurrency rose as much as 3.9% on Monday and traded at around $94,000 as of 4:32 p.m. in New York, after reaching the highest since Nov. 17. Ether also edged higher. Bitcoin’s advance came as gold, silver and equities gained as markets digested the arrest of Venezuelan President Nicolas Maduro.