According to CoinGecko's data, Bitcoin (BTC) successfully broke the key level of $28000 on Sunday and then broke the highest point of the year on Monday morning, reaching $28503.The latest price trends indicate that leading cryptocurrencies rose 4% on the same day and 28
According to CoinGecko's data, Bitcoin (BTC) successfully broke the key level of $28000 on Sunday and then broke the highest point of the year on Monday morning, reaching $28503.
The latest price trends indicate that leading cryptocurrencies rose 4% on the same day and 28.4% last week, making them one of the best performing cryptocurrencies in the market.
Bitcoin finally reached this price level in June last year, when there were major issues with the Terra ecosystem and the epidemic began to spread in the encryption industry, resulting in the loss of participation from key players such as the internet and Three Arrow Capital.
The latest rebound also indicates that the price of Bitcoin has risen by approximately 70% since the beginning of the year.
Despite Bitcoin's outstanding performance in the past quarter, investors in Bitcoin still need to remain vigilant and observe whether this top tier cryptocurrency can return to its early 2023 trend, which has led to a revival of Bitcoin assets. The rise of the currency reached 63%, becoming one of the only assets among the four major funds to achieve these two numbers of growth.
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