The original digital asset rose as much as 2.4% to $84,737 as a rally sparked by SpaceX earnings helped reignite enthusiasm for riskier assets, even as questions lingered over the sustainability of the artificial intelligence boom.
Read more: Global Market Today: Asian stocks mixed as oil rally, AI concerns weigh on sentiment Also helping sentiment: the Office of the Comptroller of the Currency unveiled a final measure for payment stablecoin issuers, in latest sign pro-industry development.
Read more: Singapore-based Ascertis Credit secures $700 million for Fund IV
The latest uptick has been in part driven by a rebuilding of leverage via perpetual futures. Open interest, or the total outstanding number of the futures contracts, has been rising again after weeks of deleveraging, according to data compiled by Coinglass.
Read More: Bitcoin rallies back as tech rebound sparks speculative appetite
