Bitcoin rallied Tuesday for the second consecutive day, gaining $1,500 to approach an all-time high in a market that is now ready to take on risk.
Forex.com analyst Fawad Razaqzada said “There has been strong appetite for all risk assets, including cryptos, in the wake of extraordinary government and central bank stimulus measures to combat the negative impact of the pandemic.” Bitcoin was created in 2008 by the pseudonymous Satoshi Nakamoto, and marketed as an alternative to traditional currencies.Unregulated by any central bank, it was sold as an attractive option for investors with an appetite for the exotic — and criminals also appreciate its under-the-radar appeal.