Bitcoin Surges Above $43K for First Time Since May
The latest rally took bitcoin's year-to-date return to 48%, far exceeding the Standard & Poor's 18% gain.
Aug 6, 2021 at 6:54 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/S37D5BHALNBJJNZV5P2ZH4HOSE.png)
Bitcoin's daily price chart.
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The price of bitcoin rose above $43,000 for the first time since May.
As of press time, the largest cryptocurrency by market value was changing hands at around $42,901, up 4.9% over the past 24 hours.
The latest rally took bitcoin's year-to-date return to 48%, far exceeding the Standard & Poor's 18% gain.
Cryptocurrency traders and analyst say a risk-taking mood has returned to digital-asset markets after a bear market that saw prices fall below $30,000 from an all-time high in April near $65,000.
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