Bitcoin has climbed more than 10% this week, outperforming stocks

Bitcoin has climbed more than 10% this week, outperforming stocks

A visual representation of Bitcoin.

Edward Smith | Getty Images

Cryptocurrencies rose this week even as U.S. equities briefly retreated from their new year rally and a major crypto lender submitted a long awaited bankruptcy filing.

Bitcoin was last higher by about 12% for the week, according to Coin Metrics, while ether has risen 14%.

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