<-bsp-bb-link state=”{“bbHref”:”bbg://securities/XBTUSD%20BGN%20Curncy/GP”,”_id”:”0000018c-3486-da90-a5bc-7cdf4df40001″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Bitcoin-bsp-bb-link> topped $42,000 as frenzied speculation in cryptocurrencies gathers pace, extending the largest digital token’s rally to more than 150% this year.
The biggest cryptocurrency rose as much as 6.1% to reach $42,144 as of 11 a.m. on Monday in London. Bitcoin was last at these levels in April 2022, before the <-bsp-bb-link state=”{“bbHref”:”bbg://securities/XUT%20DAR%20Curncy/GP”,”_id”:”0000018c-3486-da90-a5bc-7cdf4df70000″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>TerraUSD-bsp-bb-link> stablecoin collapse that accelerated a $2 trillion <-bsp-bb-link state=”{“bbHref”:”bbg://securities/MVDA%20Index/GP”,”_id”:”0000018c-3486-da90-a5bc-7cdf4df70001″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>rout-bsp-bb-link> in digital assets. It’s on track for the biggest annual gain since 2020.
Smaller tokens such as <-bsp-bb-link state=”{“bbHref”:”bbg://securities/XETUSD%20BGN%20Curncy/GP”,”_id”:”0000018c-3486-da90-a5bc-7cdf4df90000″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Ether-bsp-bb-link> and meme-crowd favorite <-bsp-bb-link state=”{“bbHref”:”bbg://securities/XDG%20BGN%20Curncy/GP”,”_id”:”0000018c-3486-da90-a5bc-7cdf4df90002″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Dogecoin-bsp-bb-link> also pushed higher. Bitcoin Cash jumped 11% and a gauge of the <-bsp-bb-link state=”{“bbHref”:”bbg://securities/MVDA%20Index/GP”,”_id”:”0000018c-3486-da90-a5bc-7cdf4df90003″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>largest 100 crypto coins-bsp-bb-link> added …
