After a 50 per cent collapse, prices for the cryptocurrency suddenly rallied more than 20 per cent last week, forcing hedge funds to buy by the token.

Bitcoin has stormed back from a months-long downtrend, tearing through $79,500 on Friday as a wave of short covering collided with a US Treasury liquidity push and a fresh White…

After a 50 per cent collapse, prices for the cryptocurrency suddenly rallied more than 20 per cent last week, forcing hedge funds to buy by the token.