Crypto prices continue to climb higher, with bitcoin firmly above $24,000. Equities linked to cryptocurrency and blockchain technology traded down.
Bitcoin was trading at $24,400 by 10 a.m. EST, up 7.4% over the past day, according to TradingView data. The leading crypto by market cap reached a six-month high above $24,200 on Wednesday. It remains steady above this point.
Lower volatility in stocks and bonds, lower oil prices and a weakening U.S. dollar have benefited bitcoin, according to Noelle Acheson, former head of market insights at Genesis. It's also one of the most sensitive liquidity plays right now, she said.
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