Bitcoin Rallies. A Key ‘Correlation’ Is Now in Crypto’s Favor.

Bitcoin prices consolidate above key level as most cryptocurrencies rise on Thursday. The largest digital asset is trading at less than one-third its all-time high near $69,000. Bitcoin is now well above its $18,000 bottom that was hit during the trough of a selloff in mid-June. Bitcoin rose 2% over the past 24 hours to above $20,500, having reclaimed the $20k mark on Wednesday after falling through it a week ago. Most cryptocurrencies rose on Thursday, helped along by slow but steady gains in the stock market, according to the latest figures on the market. The biggest digital asset in the world is now trading at just one third of its record high of $69k in November 2021. Source