Bitcoin hit the highest since August as investors interpreted Federal Reserve Chair Jerome Powell’s comments about progress on inflation as a sign that a less harsh monetary policy backdrop lies ahead.
The largest token rose as much as 2.4% and was trading at $23,871.06 AT 11.23am on Thursday amid wider crypto gains, including a 3% climb in second-ranked Ether. A gauge of the top 100 digital assets has added 37% this year.
