Bitcoin Breaks Above $20,000 Again; Celsius Removes Uncertainty

Cryptocurrencies rose for the second day as US tech stocks also posted an advance and investors got more clarity on the bankruptcy of a major digital-assets lender.

Bitcoin, the largest digital coin by market value, rose as much as 5.6% on Thursday to once again trade above the closely watched $20,000 level. Ether, the second-biggest, surged 12% at one point to above $1,200. The rallies were broad-based, with an index of 100 of the most-tracked coins rising roughly 6%, and happened as the market digested Celsius Network Ltd.’s filing for bankruptcy, which cleared a major overhang.