Bitcoin, the world's largest cryptocurrency, has jumped almost 50% this year from around $16,500, where it was stuck in early January after a major cryptocurrency exchange, FTX, went bankrupt.
Risk assets sold off because of expectations global central banks would stick to their aggressive rate hikes policy for longer than market predictions.
Still, the 15-year-old Bitcoin, and Ether, the coin linked to the Ethereum blockchain network, have surged despite crypto-specific risk events like regulatory changes, increased scrutiny and the collapse of major industry players.
