Bitcoin Tops $25,000 To Hit Eight Month High

Bitcoin hit an eight-month high to increase past $25,000 on Thursday as the volatile cryptocurrency surges regardless of pressure from US regulators.

The digital coin has increased by 50 percent since the beginning of the year, although it remains far off its peak of $68,992, which it reached in November 2021.

Bitcoin reached $25,249 on Thursday, its highest point since June and the first time it topped $25,000 since August.

US officials are cracking down on the cryptocurrency sector after the uproar caused by the recent bankruptcy of FTX and Alameda Research.