Bitcoin holds ground after touching highest this year

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Reuters UK

By Tom Wilson and Elizabeth Howcroft LONDON (Reuters) – Bitcoin on Tuesday held ground just below its highest this year, touched a day earlier, with gains for the original cryptocurrency topping 27% since Russia’s invasion of Ukraine. Bitcoin hit $48,234 on Monday evening, its highest since Dec. 31. It was last trading up 0.9% at $47,553. Its gains lifted smaller cryptocurrencies that tend to move in tandem with bitcoin. Ether, the second biggest token, hit $3,436 on Monday, its highest since early January. Market players cited emerging signs of a new wave of adoption of crypto by institutiona…

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