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Bitcoin near 9-month high as bank turmoil sparks rally

Bitcoin Hong Kong

FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken Jan 8, 2021. (Reuters)

HONG KONG: Bitcoin hovered near nine-month highs on Monday, and has closed out its best week in four years as turmoil in traditional banking drives some investors to turn to digital assets.

The biggest cryptocurrency by market value fell 1.8% in Asia hours to $27,549 after hitting its highest since June 12 on Sunday at $28,474.

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IRS Workers Snooped Through Private Tax Records, and 22 Were Not Fired, Watchdog Finds

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TIGTA found 86 suspicious accesses to 30 taxpayers' records by 52 IRS employees, plus notification failures affecting 276 taxpayers.

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Far right on the march and Lula’s failures: key drivers of Flávio Bolsonaro’s Brazil surge

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One subscription that gives you access to news from hundreds of sites

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