barrons.com
Bitcoin and other cryptocurrencies edged higher Monday, remaining at some of the highest levels for digital assets since last summer, as traders eye inflation data in the coming days as possible catalysts for the next leg upward.
The price of Bitcoin has risen 1.5% over the past 24 hours to $28,325. The largest digital asset has been hovering around $28,000 for weeks now, spiking as high as near $29,500 amid bouts of enthusiasm—representing the highest point since the crypto crash accelerated into a brutal bear market last June. Up some 70% so far this year, Bitcoin’s rally has spurred calls for a new crypto bull market.