Bitcoin, the world’s largest cryptocurrency, rose more than 5.3 per cent on Wednesday to $37,978, near a one-week high. It has risen about 125 per cent so far this year. While bitcoin remains far from the investment fever pitch it hit in late 2021, the crypto sector has enjoyed a rally in recent weeks as the expected end of central bank rate-hiking cycles draws cash back into high-risk assets.
Bitcoin up more than 5% near one-week high
