Bitcoin (BTC) Nears All-Time High Amid Crypto Resurgence
Bitcoin (BTC) is trading at $108,780 and close to reaching an all-time high amid a resurgence in cryptocurrencies.
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The rise in Bitcoin, , which trades around the clock, comes with the benchmark S&P 500 index at a record high as investors continue to pile into risk assets such as stocks and crypto. At just under $109,000, Bitcoin, which is the largest cryptocurrency by market capitalization, is trading less than 3% below the peak it reached in May of this year.
Analysts expect to see new highs in Bitcoin in coming weeks as the rally in U.S. markets gathers strength and shows no signs of abating. Some on Wall Street note that the U.S. money supply has recently climbed to a record $21.9…
