Under the radar: Bitcoin is surging again and no one’s talking about it


Three years ago, Bitcoin's historic surge dominated Thanksgiving dinner conversations. This year, the cryptocurrency is in the midst of another notable rally and yet almost no one's talking about it.How fevered has Bitcoin's latest leg higher been? With the coin trading around $US16,800 ($23,000), it's been more expensive in only five other instances in the past decade, Bloomberg data shows. All of those came during the 1375 per cent surge in 2017 that saw it reach close to $US20,000 before a spectacular plunge wiped out 70 per cent over the next year. A cross above $US17,000 would mark its fifth-highest closing price ever.The world's largest cryptocurrency by market value has been through a boom and bust and a second boom since its frenzied heydays in 2017. A lot has changed in the years since, and crypto enthusiasts argue digital coins have gone through a maturing process. But the mania that…

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