Bitcoin climbs past $24,000 after a month amid hopes of softer Fed action

Bitcoin is gaining for the third straight day amid a broader rally in risk assets, with the digital currency briefly rising above $24,000 for the first time in more than a month.

The world’s largest digital token rose as much as 3.3% Wednesday to trade around $24,066, the highest level since mid-June. It’s on pace to advance for the seventh session out of eight, adding more than 20% over the past week. And other cryptocurrencies are also rallying, with Ether catching attention with a greater-than 50% surge since July 12.

“The forced digital asset selling associated with various crypto lenders and entities