Wall Street

Bitcoin continues to establish itself above $20,000

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City AM

By Kimberly Butler Bitcoin continues to establish itself above $20,000, with the price hitting highs of more than $24,000 over the weekend, despite ongoing concerns about the state of the global economy. The largest cryptocurrency by market capitalisation is changing hands for $23,330 at time of writing, down 1.4% over the past 24 hours but up 6.5% since this time last week. It also means it closed July up 17%, a significant improvement on June’s 40% drop. Are we on the road to recovery? Other major cryptocurrencies moved in a similar pattern to Bitcoin over the weekend, with the price of Ethe…

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