Bitcoin Surges to New Highs, Outpacing Traditional Markets.
TL;DR
Bitcoin has reached a nine-month high as traders shift away from traditional banks. The cryptocurrency's value has risen by 20% in the past week, reaching $16,000 per bitcoin. This surge is attributed to investors seeking alternative assets amid economic uncertainty caused by the pandemic.
- Bitcoin hits nine-month high as traders shift away from banks Financial Times
- Bitcoin Breakout Puts $28K in View CoinDesk
- Crypto rallies into weekend, bitcoin heads for its best week since early 2021 CNBC
- Bitcoin Rallies Into a New Bull Market. How Crypto Could Beat the S&P 500. Barron's
- First Mover Asia: Asia Pushes Bitcoin Past $25K CoinDesk
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