Bitcoin Rally Shows Where Tech Stocks Go, Cryptocurrency Follows – Bloomberg

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The mention of crypto at a holiday party likely stoked talk of crisis, fraud and the end of an era. But with everyone back at work, the biggest digital currency of them all — Bitcoin — is ripping through a nine-day rally.
Bitcoin rose 7.2% on Thursday to trade around $18,830, its highest since early November, when the first signs of trouble at the FTX exchange began a tale of bankruptcy and criminal charges that has decimated the crypto industry. The cryptocurrency is on pace for its longest winning streak since the heydays of July 2020, Bloomberg data show.

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