The world’s largest cryptocurrency hit another all-time high on Wednesday. Bitcoin crossed $109,000 in late morning trading, surpassing its last mark in January, according to CoinGecko. It’s up more than 4% over the past day and more than 23% over the past month. The cryptocurrency’s recent rebound mirrors the broader resurgence in the stock markets. The S&P 500 is up 15% since late April, and the Nasdaq has jumped more than 21%.
The macroeconomic upswing follows a ratcheting down in President Donald Trump’s rhetoric and policy on tariffs.
