Bitcoin hits two-month high above US$30,000 in volatile week

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Bitcoin hits two-month high above US$30,000 in volatile week
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Bitcoin jumped on Friday above US$30,000 for the first time since July, taking gains for the week past 10%, against a backdrop of volatile trading across cryptocurrencies.

Bitcoin, the largest cryptocurrency by circulation, climbed as high as US$30,022, its highest since July 23. It was last up 4% on the day.

The approval of any such applications, crypto investors have said, could usher in a new wave of capital to the asset class. Canada's inflation rate edged down to 3.8 per cent last month as price pressures eased across the economy, setting the stage for the Bank of Canada to hold its key interest rate steady next week, economists say.As artificial intelligence continues to evolve, its uses and applications grow even wider. Many people are already using tools like OpenAI’s ChatGPT, Google's Bard or Bing Chat to help them write emails, research new subjects and brainstorm business names.

A stampede in Kenya during celebrations to mark an annual public holiday killed at least four people on Friday and injured 100 others, authorities said.Israel's defense minister said Friday that after the country destroys the Hamas militant group, the military does not plan to control 'life in the Gaza Strip.' Defense Minister Yoav Gallant's comments to lawmakers were the first time an Israeli leader discussed its long-term plans for Gaza.

Facing calls to clarify his previous comments, Prime Minister Justin Trudeau said Thursday the Canadian government is working 'rapidly' with allies to determine exactly what happened in the Gaza hospital blast that's become a point of contention amid the Israel-Hamas war.

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