Bitcoin rises over 5% to near one-week high

Bitcoin, the biggest cryptocurrency, saw a 5.3% increase on Wednesday, reaching $37,978, which is close to a one-week high. This year, it has gone up by approximately 125%. Despite not reaching the same level of investment excitement as in late 2021, the crypto industry has experienced a surge in recent weeks as the anticipated end of central bank rate hikes brings money back into high-risk assets. Hannah Lang in Washington reported on this, with editing by Chris Reese.