Bitcoin price breaks through the $27,000 level

On Friday, 17 March, Bitcoin prices tested above $27,000 (against the dollar). In the last 24 hours the asset rose by 7.9%, according to CoinGecko.

At the time of writing, Bitcoin was trading near the level. Judging by the chart below, the rally is accompanied by a spike in trading volume.

The second-largest by market capitalisation cryptocurrency remains near the $1,750 mark. Over 24 hours it rose 5.5%.

Following the leaders, assets from the top-10 by market cap moved into the green zone, with the exception of USDT and USDC.

On 14 March, Bitcoin surpassed the $26,000 mark. On the same day the release of the US consumer price index report showed a rise of 0.4% month-on-month and 6% year-on-year.

Earlier, Galaxy Digital founder Mike Novogratz predicted that by the end of March Bitcoin would return to $30,000.

The founder and CEO of Messari, Ryan Selkis predicted that Bitcoin would rise to $100,000 within 12 months.