Bitcoin Rally?

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Bitcoin breaks the price of $26k on a 24 hours gain of over 17 percent. The last it happened was back in June of 2022.

Bitcoin currently is trending higher and has also broke the psychological important mark of $25k. Not only $25k but it also briefly broke the mark of $26k.

Three weeks ago, Bitcoin broke the price mark of $25k. However, the bears reasserted pushing the price of Bitcoin down.

The largest cryptocurrency, Bitcoin is up around 25% since last Friday.

Such a rally is sort of surprising to see after the collapse of SVB and Signature Bank which are considered crypto friendly.

BTC_7D_graph_coinmarketcap.png
coinmarketcap.com 7 days Bitcoin graph