Bitcoin has risen above $61,000 on Friday, the first time since April. The cryptocurrency BTCUSD, -3.70% was recently trading at $61,253, up 7.3% over the past 24 hours. The number is about 6% away from its all-time high of $64,889 in April. Bitcoin surged more than 3% after Bloomberg reported Thurs

Federal Reserve Chairman Jerome Powell said Wednesday that he doesn’t view cryptocurrencies as a “financial stability concern.” “‘I don’t see [cryptocurrencies] as a financial-stability concern at the moment.’” What they are, however, in the U.S. central-bank chief’s view, is “really speculative ass