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.
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.