The world's largest token has advanced for nine straight days, the longest such streak since 2020, according to data compiled by Bloomberg. Bitcoin has added almost 10 per cent this month and second-largest token Ether about 17 per cent. They both fell more than 60 per cent last year.
Bets that inflation is cooling and that the Federal Reserve will slow the pace of interest-rate hikes have helped all manner of assets at the start of 2023. For Bitcoin, the recent gains are a stark contrast to last year's slump of 64 per cent amid a series of crypto blowups, including the fall of the FTX exchange.
'A prolonged rally.' ROFL! 🤣 Good one.
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