Bitcoin jumps back to $40,000

[Hanno Labuschagne]

Bitcoin jumps back to $40,000​

Bitcoin is back near $40,000 on the heels of a global market rally as investors grow increasingly confident in reflation and fresh U.S. stimulus.

The world’s largest cryptocurrency was up 1.1% to $39,012 as of 9:57 a.m. in London after briefly surpassing $40,000 on Saturday. It’s now about 7% below an all-time high set in early January.

After a brief dip this month, Bitcoin is climbing once again as enthusiasts tout the digital asset as a hedge against inflation and store of value in a world awash with stimulus and rampant central-bank money printing.

 

[JohnStarr]

Jumps back too, or is near...either or. Or jumps back close too...

 

[Datura]

Jumps back too, or is near...either or. Or jumps back close too...

Thank you. It didn't hit $40K yet... it came close. ±$500 short...

 

[Ninja'd]

Whatever happened to ethereum? I still remember when it was doing better than bitcoin.

 

[Quicks]

Damn guess I won't be buying a new new graphics card this year.

 

[saturnz]

Musk using shareholder money to speculate in crypto currency markets, this can only go well.