Economy

Bitcoin Tops $28,000 for First Time Since June 2022

MOSCOW (Sputnik) - Bitcoin, the largest cryptocurrency, has topped $28,000 for the first time since June 2022 amid the banking crisis, trading data showed on Monday.
Sputnik
As of 04:38 GMT on Monday, Bitcoin was trading at around $27,383 on the Binance cryptocurrency exchange, after it jumped to over $28,000 on Sunday evening.
Economy
Bitcoin Drops Amid Fed's Decision to Increase Interest Rate
In 2022, the cryptocurrency's price correlated with the S&P 500 index of US stock exchanges, while there is no such connection now, as the index fell by 1.1% at the end of trading on Friday, analysts noted.
The currency started at $0 in 2009, broke the one dollar barrier in 2011. About a decade later, Bitcoin would hit an all-time high of $69,000.
Discuss