Bitcoin broke above $4 000 for the first time since early January, a milestone seen as significant by at least one well-known crypto bull after weeks of sideways trading.
As if cryptocurrencies haven’t been through enough already, they may be poised for yet another leg down.
Some of the brightest minds in America are pooling their brain power to create a cryptocurrency that’s designed to do what bitcoin has proved incapable of: processing thousands of transactions a second.
Cryptocurrencies dropped on Thursday as bitcoin gave up the $4 000 level it’s hovered around since the start of the year.
Bitcoin rallied above $4 000 on Friday, leading the broad cryptocurrency market higher as the biggest digital asset headed for its best week in a year.