Bitcoin rose for the sixth consecutive day to surpass the $44,000 mark for the first time since April 2022.
Bitcoin, the largest digital asset in the cryptocurrency sector, had a 6-day winning streak through Tuesday, up about 16%, and consolidated its gains in early Asian trading on Wednesday.
Bitcoin’s gains since the beginning of the year have reached 165%.
The market value of bitcoin exceeded more than $860 billion, exceeding the market value of global companies such as Meta and Berkshire Hthaway and placing ninth globally in the world’s largest assets as market value.
The currency benefits from widespread enthusiasm over U.S. interest rate cuts. It appears to have eliminated the chaos that has plagued cryptocurrency markets since the collapse of the F-platform. T. X. and other cryptocurrency business failures in 2022.
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