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Bitcoin Extends Rally, Pushes Above $24,000. CoinBase Surges.

·2 min read
Bitcoin Extends Rally, Pushes Above $24,000. CoinBase Surges.

The price of Bitcoin has jumped nearly 5% over the past 24 hours to $24,220.36, climbing to its recent high of $24,504 toward the end of July. The world’s largest cryptocurrency has regained 12.3% over the course of the last month, looking to claw back some of its losses since falling under $20,000 in June for the first time since 2020. The rally was spurred by investor optimism that inflation may soon be easing, with July’s consumer price index data expected to tick down to 8.7% from 9.1% in June, according to FactSet.