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Fortune

Marco Quiroz-Gutierrez

Bitcoin hits 2-week high as crypto-linked stocks including Coinbase and Microstrategy rally

Bitcoin Coinbase MicroStrategy Crypto FTX

(Credit: Illustration by Fortune)

Bitcoin may be turning a corner after a lull that just saw it fall below $25,000 for the first time in three months.

The cryptocurrency hit a two-week high of about $26,700 on Thursday before paring back gains. The coin was trading up about 1%, at $26,500, on Thursday afternoon. The second-most popular cryptocurrency, Ethereum, was up nearly 2% to $1,600.

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