Bitcoin rose to $24 900, a level corresponding to price readings from August last year.
Over the past 24 hours, digital gold rose by 11.5%, according to CoinGecko. At the time of writing, the asset traded near $24 700.
The price reached a local high at $25 250 in the BTC/USDT pair on the Binance exchange, then retraced slightly.
The rising bitcoin revived the rest of the market. Below are the figures for the ten largest-cap crypto assets:
Total market capitalization reached about $1.17 trillion.
The crypto “Fear and Greed Index” indicates investor optimism.
On February 14, the price of the leading cryptocurrency briefly corrected on the back of US inflation data that beat market expectations.
Earlier, Adam Farthing of B2C2 said that for the rally to continue Bitcoin would need to break through the $25,000 level. That level, he said, is a “tough nut.”