Bitcoin (BTCUSD) has risen to its highest point in more than two months, putting the world’s leading cryptocurrency back within reach of the psychological $100,000 level amid signs of renewed institutional interest.
The digital asset was trading up around 2.5% over the past 24 hours at $96,340.0 by 08:00 ET (12:00 GMT). It hit its highest point since early April, quickly recovering from a recent drop below the $75,000 mark.
Bitcoin has now surged about 30% from the lows hit earlier in April, as investors continued diversifying their portfolios amid uncertainty over the Trump administration’s trade policies and their potential impact on the economy.
Amid recent market turmoil, bitcoin and stocks have also largely moved in opposite directions, an occurrence that some investors believe shows the cryptocurrency is finally showing its worth as a safe haven.output:
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