February 27, 2024
04:38
04:38
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Bitcoin hits two-year high above $57,000 in Asia trade
Cryptocurrencies have shot up to two-year highs in Asia trading after a tepid week. The price of Bitcoin rose to as much as 57,000 dollars on Tuesday before retreating to around 56,000, for the first time since late 2021. That boosted other digital currencies, including Ether which rose by more than 2 percent to top 320 dollars. Crypto-related equities have also surged, with Coinbase and Micro-strategy gaining 16-percent, while bitcoin miners Riot Platforms and Marathon Digital leaped 15 percent and 20-percent respectively. Bitcoin's price has gained more than 33 percent so far this year. Meanwhile, traditional assets have snapped a near-two-week winning streak, as key indexes on Wall Street and in Asia retreated from record highs.
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