Bitcoin tests US$45,000 on possible further gains

Upside momentum: A bitcoin automated teller machine kiosk in Barcelona, Spain. The cryptocurrency is up more than 15% since March 11. — Bloomberg

NEW YORK: Bitcoin’s stealth rally over the past two weeks not only pushed it past a key level of US$45,000 (RM189,405) – it also put the world’s biggest cryptocurrency back in positive territory for the year.

The cryptocurrency – up more than 15% since March 11 – traded at about US$46,600 (RM196,139), beyond the upper end of what had been a narrow US$35,000-to-US$45,000 (RM147,315 to RM189,405) range since early this year.