Let’s go! Bitcoin surges above $18K to cap 8-day winning streak

Bitcoin
cointelegraph.com 2 h    Reading time: ~2 m

Bitcoin (BTC) has clocked eight straight days of increasing prices and has surged back above $18,000 for the first time since mid-December.

The cryptocurrency hadn’t recorded such a prolonged winning streak since July 2021, at the height of the COVID-19 pandemic.

Let's go! Bitcoin surges above $18K to cap 8-day winning streak0 Seven day Bitcoin price chart. Image: CoinMarketCap

Over the last seven days, the price of BTC has increased nearly 8%, with a 4.1% surge in the last 24 hours at the time of writing.

Bitcoin gained 300% in year before last halving — Is 2023 different?

BTC’s price has fallen nearly 65% over 2022. The wider crypto market also faced headwinds resulting from numerous bankruptcies and collapses in the space over 2022.



Source

Updated: 01/11/2023 — 23:00

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