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September 01, 2020 10:27am
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Bitcoin hits six-month high

Bitcoin, a digital asset and cryptocurrency, has risen to a six-month high as investors gravitate back to more riskier assets.

Over the last 24 hours, the price of bitcoin has climbed to a new six-month-high, reaching roughly $24,586 on Thursday.

The asset is at its highest levels since last August and is now up almost 50% in 2023, but remains well off its late-2021 high of $68,990.

Over the last month, bitcoin is up around 16%, after rising approximately 46% the last three months. 

CRYPTO EXCHANGE SETTLES WITH SEC OVER 'STAKING'

In other cryptocurrencies, Ether, the second-largest crypto, went up less than 1% to $1,630, as smaller cryptos or altcoins were more mixed, with Cardano 1% lower and Polygon 1% higher. 

Meanwhile, memecoins were also mixed, with Dogecoin gaining 4% and Shiba Inu just below flat.

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