Bitcoin is rising again as the stock market remains volatile. Scarcity and cryptocurrency-friendly policies are driving its growth. Bitcoin has recovered after a couple of months of decline, but it still has a way to go to reach its all-time high of $109,115, reached on January 1.
What you need to know:
Bitcoin and ether rose significantly despite a general risk-averse sentiment, with bitcoin approaching $106,000 and ether surpassing $2,900.
The resilience of the crypto market contrasts with the decline in stocks and gold following the downgrade of U.S. credit by Moody's.
Aave's AAVE tokens jumped over 25%, driven by speculative interest rather than new announcements.
