Bitcoin’s ‘jet-fueled’ 16% six-day jump takes token past $44,000

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Key Points

For now Bitcoin momentum is overshadowing any concerns that the surge is at risk of becoming too stretched..

Smaller virtual currencies such as Ether, Avalanche and meme-crowd favorite Dogecoin have also been advancing.Reuters..

Bitcoins longest winning run since May lifted the token past $44,000, sparking questions about whether the breakout increasingly reflects a conviction that looser Federal Reserve monetary policy lies ahead...

Bitcoin on South Koreas Upbit and Bithumb exchanges was trading about 4% above the prevailing global price on Wednesday, a return of the so-called kimchi premium that made headlines during the pandemic-era bull run in digital assets...

Both micro and macro factors are currently lining up for Bitcoin, said Zach Pandl, managing director of research at crypto fund provider Grayscale Investments LLC...