Bitcoin bounces above $20,000 for first time in about a week

Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic

SYDNEY, Sept 27 (Reuters) – Bitcoin broke above $20,000 on Tuesday for the first time in about a week, as cryptocurrencies bounced, along with other risk-sensitive assets, in Asian trade.

The biggest cryptocurrency by market value, bitcoin , was up more than 5% at $20,286. The second-biggest, ether , rose 4% to a one-week high of $1,389.

In the broader market the dollar eased slightly after soaring to fresh heights on Monday.

Reporting by Tom Westbrook; Editing by Clarence Fernandez

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Source:www.reuters.com