India, May 21 -- Bitcoin rallied closer to its previous all-time high even as the broader crypto market showed mixed trends amidst a deteriorating U.S. fiscal outlook, surging Japanese bond yields, hotter-than-expected UK inflation, lingering geopolitical tensions and persistent policy uncertainty. Bitcoin touched a 24-hour high of $108,024 earlier in the trade.
Overall crypto market capitalization has increased 0.5 percent overnight to $3.35 trillion. The 24-hour trading volume has also decreased 1.2 percent to $128 billion.
Bitcoin rallied 0.9 percent overnight to trade at $106,211 which is 3 percent below the all-time high of $109,114 recorded on January 20. The 24-hour trading range was between $108,024 and $104,207. Bitcoin has been ...