Bitcoin hovered around $52,000 after a broad cryptocurrency rally that saw Ether, the second-biggest token, advance back to where it was before the TerraUSD stablecoin collapsed almost two years ago.
Bitcoin’s 22% year-to-date gain has helped to lift the market capitalization of digital assets above $2 trillion for the first time since April 2022, data from CoinGecko show. Bitcoin and Ether were up more than 1% at one point on Thursday in Singapore, with the latter changing hands at $2,785 as of 9:37 a.m.
