Bitcoin caught fire with another 4% rise to November 2021 levels.
Its price has risen to 6550 dollars with almost 30% in the last week alone. It has been an amazing rally that started in late October at the same time as US stocks turned and accelerated as the approval of bitcoin ETFs neared, as the Nasdaq index also reached its November 2021 highs last week and was breached.
The enthusiasm for cryptocurrencies has also become unrestrained with the doji coin rising by 42% in the last five days and 110% in the last month.
Bitcoin approached all-time highs, with the peak level set in 2021 being USD 68.999 before collapsing near USD 15,500 in late 2022 as interest rates rose.
