Analysis-What’s behind bitcoin’s latest surge?


Source: ca.finance.yahoo.com ca.finance.yahoo.com

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FILE PHOTO: FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration By Tom Wilson LONDON (Reuters) - At the turn of the year, bitcoin was in the grip of a bleak midwinter, down and out after a 2022 defined by tumbling crypto prices, bankruptcies and corporate scandals. Less than three months later, bitcoin's got its mojo back. With gains of more than 70% so far this year, it has outpaced other major assets, and was on Wednesday trading near its highest in nine months. The original and biggest cryptocurrency has...