Bitcoin goes above $25,000 for first time since June

Hanno Labuschagne

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Bitcoin goes above $25,000 for first time since June

Bitcoin briefly surpassed $25,000 for the first time since mid-June, as momentum continued from a cooler-than-expected US inflation data and progress toward Ethereum’s big upgrade.

The largest cryptocurrency rose as much as 2.2% on Sunday to $25,031, its highest level since June 13. It was trading around $24,750 as of 6 a.m. New York time, rising a fifth straight day in a streak fueled by US consumer-price index data that came in below expectations.

[Bloomberg]
 
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