After Extending Earlier Rally, Bitcoin Hovers Around $24K

At the time of writing, the most famous cryptocurrency trades at $23,976. Earlier on Monday, Bitcoin climbed above $24,000, rising upon the same rhythm with the stock market and elevating stocks with high exposure to cryptocurrency.

The price of Bitcoin has jumped nearly 5% over the past 24 hours to $24,220.36, climbing to its recent high of $24,504 toward the end of July. The world’s largest cryptocurrency has regained 12.3% over the course of the last month, looking to compensate for some of its losses since falling under $20,000 in June for the first time since 2020.