Bitcoin hits two-year high above $57,000 in Asia trade

04:38

More Videos

Connecting Europe & Asia: Uzbekistan’s Digital Silk Road | NexTech

Five years on, has the world abandoned Afghan women? | Bigger Than Five Promo

Five years on, has the world abandoned Afghan women? | Bigger Than Five

Uzbekistan's high-tech bet: The new Digital Silk Road

Does Trump regret the Iran War? | Inside America

Dua Lipa and her father, Dukagjin Lipa keep Sunny Hill Festival thriving

Record-low water levels of Danube River trigger bigger risks

How much money has Bosnia and Herzegovina lost by not being SEPA member?

Keeping Balkan traditions alive in Australia

Palestine: Solidarity and sanctions | Bigger Than Five

Global Economy & Markets

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.