Reflecting the rally of Bitcoin stocks, reached a two-week high

Bitcoin reached its two-week high on Saturday, extending the strong gains of the previous session as cryptocurrencies rallied on the risk appetite recovery and stock markets.

The world’s largest cryptocurrency reached $ 41,983, up nearly 16% from Thursday’s low, and up 27% from a January 24 low of $ 32,950.72.

Ether, the currency linked to the Ethereum blockchain network, fell to $ 3,000 for the first time since January 21.

Friday’s 11% -plus was the biggest single-day gain for Bitcoin since mid-June, with fears that the first big jump after several weeks, along with technology and growth stocks,

It could control the central bank rate hike faster than expected. A rise in inflation.