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Bitcoin and Altcoins Are Rallying. Is ‘Crypto Winter’ Thawing?

Bitcoin and Altcoins Are Rallying. Is ‘Crypto Winter’ Thawing?

President Trump met with crypto execs at the White House on Wednesday.Credit: Jim Watson / AFP via Getty Images
President Trump met with crypto execs at the White House on Wednesday.
Credit: Jim Watson / AFP via Getty Images

What You Need to Know

  • Bitcoin rose above $72,000, its highest level since early June.

  • Altcoins like ether, XRP, and HYPE have rallied over 20% in the past 24 hours.

Signs of a crypto thaw are beginning to show.

Bitcoin rallied for a second straight day, climbing above $72,000—a level it hasn’t seen since early June—in the wee hours of Thursday morning. Meanwhile, altcoins are rallying furiously, with ether, XRP, and HYPE all rising at least 20% in the past 24 hours.

Traders appear to be betting on a tailwind from several small regulatory wins this week…

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