"Bitcoin on Friday soared to its highest price in a year", he says CNN:
The cryptocurrency rose above $31.400 on Friday, its highest level since 2022, before falling in price.
Bitcoin, the world's largest cryptocurrency by market capitalization, earlier this week traded above $30.000 for the first time since April, when the collapse of Silicon Valley Bank and Signature Bank sent investors scrambling for safer solutions.
The price of Bitcoin has increased by about 87% this year. Its latest gains come after a wave of interest in the cryptocurrency from financial giants. BlackRock last week applied to register a bitcoin spot exchange-traded fund, according to a filing with the US Securities and Exchange Commission.
Crypto exchange EDX Markets, backed by the likes of Charles Schwab, Fidelity Digital Assets and Citadel, also this week launched its digital asset trading platform…
Despite its rise this year, bitcoin remains well below the all-time highs of over $60.000 it hit in 2021.