Bitcoin rallies past US$40,000 level to highest since mid-May


The largest cryptocurrency gained Sunday for an 11th day in the past 12 and traded up to US$42,606 (RM179,797), its highest since May 18. Market watchers have pointed to US$40,000 (RM168,800) as an important inflection point.

NEW YORK: Bitcoin hit its highest level since mid-May and continues to build momentum.

The largest cryptocurrency gained Sunday for an 11th day in the past 12 and traded up to US$42,606 (RM179,797), its highest since May 18.

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