barrons.com
The rally in Bitcoin and other cryptocurrencies is back on, with digital assets roaring to their highest levels since last summer despite widespread fears across financial markets in recent days.
The price of Bitcoin has risen 16% over the past 24 hours to above $26,200—levels the largest digital asset hasn’t seen since the crypto crash accelerated last June. Bitcoin rallied to a peak above $25,000 last month from around $16,500 at the start of January, but it stagnated in March and fell below the $20,000 level last week amid worries over crypto banks and the regulatory picture. The latest action suggests Bitcoin is back on a bullish streak.