\n Text size<\/span> Bitcoin, the leading cryptocurrency, was up 2% over the past 24 hours to $43,000 according to data from CoinDesk<\/a>, touching its highest point since the beginning of March.<\/p>\n Smaller peer <\/p>\n Bitcoin and ether remain well off all-time highs of $68,990 and $4,865, respectively, reached in early November.<\/p>\n \u201cBitcoin is stuck above the $40,000 level and that is a good thing for long-term investors,\u201d said Edward Moya, an analyst at broker Oanda, in a note late Wednesday.<\/p>\n Gains were even more pronounced among altcoins. <\/p>\n \u201cMeme\u201d cryptos dogecoin and shiba inu\u2014called that because they are mostly based on internet jokes rather than significant blockchain projects\u2014also enjoyed gains, with <\/p>\n Bitcoin and its peers should, theoretically, trade independently from mainstream financial markets, but have recently shown themselves to be correlated with other risk-sensitive assets like stocks. That trend was continuing, with gains in the crypto space mirroring the action in the stock market<\/a>.<\/p>\n Digital assets broadly moved lower<\/a> on Wednesday, as did stocks<\/a>, but both asset classes were widely rallying as investors watched the latest developments in the Russia-Ukraine war, which has roiled markets in the past month.<\/p>\n Leaders from NATO including President Joe Biden are meeting in Europe amid expectations that the Western military alliance will deploy troops to countries in Central and Eastern Europe. There will also be a summit of both the G7 group of countries and the European Union, which Biden will also attend. Attention will center on whether new sanctions on Russia, and particularly its energy exports, could be rolled out.<\/p>\n Before Bitcoin and other digital assets had rallied late Wednesday and early Thursday, Moya had said that \u201cBitcoin should remain a sideways trade until Wall Street makes up its mind as to whether equities can continue to perform well with all the geopolitical uncertainty at hand.\u201d<\/p>\n Write to Jack Denton at jack.denton@dowjones.com<\/a><\/p>\n<\/div>\n<\/div>\n
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\n \n <\/p>\n\n <\/div>
Bitcoin and other cryptos were rallying along with stocks on Thursday.<\/h4>\n
\n Dreamstime
\n <\/span>
\n <\/figcaption><\/figure>\n<\/p><\/div>\n
\n Bitcoin <\/a><\/span>
\nand other cryptocurrencies rose on Thursday, with smaller tokens or \u201caltcoins\u201d seeing the biggest gains, as a wider return to risk-sensitive assets among investors boosted the crypto space.<\/p>\n
\n ether <\/a><\/span>
\nwas even more buoyant, rising 3% and holding above the psychologically-important $3,000 mark at $3,050. The token underpinning the Ethereum blockchain network is trading at its highest point since mid-February.<\/p>\n
\n Cardano <\/a><\/span>
\nsurged 17% as <\/p>\n
\n solana <\/a><\/span>
\nrose 9% and <\/p>\n
\n uniswap <\/a><\/span>
\nmoved 5% higher.<\/p>\n
\n dogecoin <\/a><\/span>
\nspiking 15% and <\/p>\n
\n shiba inu<\/a><\/span>
\n ticking up 6%.<\/p>\n