Bitcoin ticked its way back up toward $64,000 on Thursday, shoring up confidence that the world’s largest cryptocurrency might soon reach a record high. Before that, though, traders could be in for a break.
The token rose as much as 5.12% to $63,649 by 9:30 a.m. in New York, staging a quick recovery after weathering a volatile trading session a day earlier. Bitcoin spiked to $63,968 on Wednesday, before paring much of those gains in a crash back to below $59,000 — a move that buffeted crypto providers like Coinbase Global Inc., which suffered outages as traffic surged.
