Bitcoin hits six-month high

Bitcoin hit an all-time record high of $68,990 in 2021

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. 

An illustration of bitcoins

Two bitcoin coins lie on a table.  (Fernando Gutierrez-Juarez/dpa-Zentralbild/dpa (Photo by Fernando Gutierrez-Juarez/picture alliance via Getty Images / Getty Images)

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.  

GET FOX BUSINESS ON THE GO BY CLICKING HERE