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Bitcoin soars to 6-month high, despite concerns over regulatory crackdown

Published: Feb. 15, 2023 at 4:08 p.m. ET

Bitcoin soared over 8% Wednesday to trade at its highest since August 2022, despite investor worries about a regulatory crackdown in the U.S.

The largest cryptocurrency BTCUSD traded as high as $24,277 on Wednesday, according to CoinDesk data. It is still down 65% from its all-time high near $70,000 in November, 2021.

U.S. stocks ended a…

Bitcoin soared over 8% Wednesday to trade at its highest since August 2022, despite investor worries about a regulatory crackdown in the U.S.

The largest cryptocurrency

BTCUSD

traded as high as $24,277 on Wednesday, according to CoinDesk data. It is still down 65% from its all-time high near $70,000 in November, 2021.

U.S. stocks ended a choppy session with gains Wednesday. The Dow Jones Industrial Average

DJIA

finished with a gain of around 39 points, or 0.1%, while the Nasdaq Composite

COMP

jumped 0.9% and the S&P 500

SPX

added 0.3%.

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