U.S. Markets open in 7 hrs 53 mins

Bitcoin kicks off second half of the year with a 12 percent rally

Kate Rooney

Bitcoin bounced back 12 percent from its lows last week, hitting a high of $6,609.50 Monday. It remains to be seen whether bitcoin will live up to some of the bullish calls for it made earlier this year, including Fundstrat Global Research's Tom Lee's $25,000 year-end target. The cryptocurrency rose 4 percent Monday to near $6,550 as of 9:30 a.m. ET, hitting a high of $6,609.50, according to data from CoinDesk.