Bitcoin Approaches $70,000 as Risk Appetite Returns to Crypto

Bitcoin approached the $70,000 level, snapping a three-session losing streak as stocks posted modest gains and broader risk sentiment improved with Nvidia Corp.’s earnings report.

The largest cryptocurrency climbed as much as 9.3% to $69,987 in New York trading, marking its biggest intraday gain since Feb. 6 as technology stocks led a tentative rebound across risk assets. The bellwether digital asset last reached $70,000 on Feb. 16. Ether rose around 13% to around $2,100.

Smaller tokens also advanced with Solana gaining around 16%, while XRP rose by 10%.

“The move higher likely reflects some dip-buying behavior after the ...