Bitcoin rises 4% to retake $24,000 as investors shift to risk-on ahead of this week’s inflation report
Bitcoin on Monday rose above $24,000 for the first time in August. Softening in US bond yields have boosted the cryptocurrency’s price. Bitcoin’s price has increased in August but is down 50% in 2022. Bitcoin advanced to $24,000 for the first time in August, a move taking place before financial markets assess a high-profile reading of US inflation this week.