Earlier on Aug 14, Bitcoin surpassed US$25,000 ($34,320) briefly for the first time since mid-June, as momentum continued from lower-than-expected US inflation data and Ethereum’s (ETH) rally.
The cryptocurrency market has had an exceedingly difficult first half of the year as the Federal Reserve (Fed) hiked rates to combat high inflation levels, with the prices of BTC, ETH and many other tokens falling by more than 50%, a Bloomberg report recaps.
