New Delhi, May 4 -- Bitcoin climbed above the USD 80,000 mark for the first time in more than three months on Monday, tracking a broader risk-on sentiment in global markets as Asian equities edged closer to record highs.
The cryptocurrency rose as much as 1.9pc to USD 80,393 in early trading, its highest level since January 31. Other digital assets, including Ether, also posted gains, reflecting renewed investor appetite for riskier assets.
The rally in cryptocurrencies coincided with a strong performance in equities, with MSCI's Asian stock gauge approaching its February peak. The surge in stocks has been supported by stronger-than-expected earnings from technology companies, which have helped sustain momentum in the sector despite recen...