Bitcoin breaks US$40,000 as momentum builds

The world's biggest currency hit as high as $40,210 in Sunday trade, its highest since April 2022. — Reuters

TOKYO: Bitcoin has broken above $40,000 for the first time this year as it rides a wave of momentum on broad enthusiasm about U.S. interest rate cuts and as traders anticipate the imminent approval of U.S.-stockmarket traded bitcoin funds.

The world's biggest currency hit as high as $40,210 in Sunday trade, its highest since April 2022. It was steady at $40,011 in thin trade early in the Asia day on Monday.