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Bitcoin rally shows that where tech stocks go, cryptocurrencies follow
Bitcoin rips through a nine-day rally as the cryptocurrency sets pace for its longest winning streak since 2020.
By Vildana Hajric
The mention of crypto at a holiday party likely stoked talk of crisis, fraud and the end of an era. But with everyone back at work, the biggest digital currency of them all — Bitcoin — is ripping through a nine-day rally.
Bitcoin rose 7.2% on Thursday to trade around $18,830, its highest since early November, when the first signs of trouble at the FTX exchange began a tale of bankruptcy and criminal charges that has decimated the crypto industry. The cryptocurrency is on pace for its longest winning streak since the heydays of July 2020, Bloomberg data show.
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