Bitcoin rises above $40,000 for the first time since October

Cryptocurrency Bitcoin is back above $40,000 as investors show signs of renewed risk appetite after a volatile week across financial markets.

The largest cryptocurrency by market capitalization jumped 9.4% to reach $40,426, the highest increase since October 15, while the coin has not exceeded $40,000 more than two weeks ago.

The ether currency rose by as much as 11%, and most currencies rose strongly and many of them by about 10%, as major cryptocurrencies began to rise suddenly after strong profits from Amazon boosted confidence in technology stocks, which digital tokens largely followed over the past months .

The big cryptocurrencies have been largely stuck in a range for the past two weeks, after being hit by widespread declines in January

Follow our latest local and sports news and the latest political and economic developments via Google news

:

  • Bitcoin

Keywords: