Bitcoin
and other cryptocurrencies paused Monday after digital assets soared to the highest levels since August over the weekend. With crypto prices back where they were before FTX’s disastrous collapse, some traders are calling it a new bull market.
The price of Bitcoin has dipped less than 1% over the past 24 hours to $22,750, after the largest digital asset topped $23,000 over the weekend for the first time in five months. With prices up by more than 30% in less than two weeks, Bitcoin has emerged from its funk around two-year lows that came after the bankruptcy of exchange FTX in November, which delivered the latest shock to crypto markets.
