The original cryptocurrency rose as much as 4 per cent to $72,234 on Monday. Smaller tokens like Ether, Solana and Avalanche also advanced. The crypto gains came even as equities traded broadly lower ahead of a key report on US inflation.
"This rally comes following a weak Asian trading session in which shorts tested the conviction of longs it appears the longs have given a rather convincing positive answer," said Richard Galvin, founder of Australia-based crypto-focused investment firm DACM.
This story is from the March 12, 2024 edition of Business Standard.
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This story is from the March 12, 2024 edition of Business Standard.
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