Cryptos: Bitcoin stages parabolic rise to near $14,000, surging 320% since December as euphoria sets in — again

A crypto winter for digital assets has given way to a white-hot summer.

The world’s No.1 cryptocurrency rose to its highest level in about 17 months Wednesday, extending its rally to nearly 60% in June so far.

At the day’s peak, bitcoin futures BTCM19, +12.83% hit an intraday high on CME Group Inc. CME, -3.17% at $13,680, and isn’t far from that level now at $13,330 in afternoon action, according to FactSet data.

Bitcoin prices BTCUSD, -2.58% on CoinDesk also were surging, near $13,272.

Gains for bitcoin, the digital coin created back in 2009, have taken its market value, the total of all bitcoin’s in circulation, to $237 billion.

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