Bitcoin Mimics Stocks Rally, Hits 2-week High

Bitcoin Mimics Stocks Rally, Hits 2-week High
A representation of virtual currency bitcoin in this illustration taken on Jan. 8, 2021. Dado Ruvic/Reuters
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Bitcoin hit its highest in two weeks on Saturday, extending the previous session’s strong gains as cryptocurrencies basked in a recovery in risk appetite and a rally in stock markets.

The world’s largest cryptocurrency hit $41,983, taking gains from Thursday’s lows to nearly 16 percent, and marking a 27 percent rise from the year’s low of $32,950.72 on Jan. 24.