Bitcoin’s ‘Incredible Rally’ Spurs Biggest Weekly Gain in Months

While financial markets fixated on Washington’s debt-ceiling scrimmage this week, Bitcoin quietly rose enough to put it on pace for its best week in months.

The world’s largest digital asset, overcoming a slew of potentially negative factors that had dogged it earlier this year, is up about 10% over the past five sessions. That gain puts it on track for its best week since the start of August and pads its year-to-date advance to 87%. It rose about 0.6% to $54,526 as of 2:26 p.m. in New York. 

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