Bitcoin has surpassed the price mark of $27,000 for the second time this week making it regain all the losses from 2022.
The recent few days felt like the crypto market has escaped the grip of the bears with majority of the cryptos breaking out of upward consolidation.
At the time of writing, Bitcoin is trading at $27,645.05 on CoinGecko which is an increase of approximately 36% over the previous week, as the statistics from CoinGecko. This is the highest price since nine months ago.
7 days BTC price graph from CoinGecko
The price of Bitcoin is up by around 22% in the last two weeks and 13% in last 30 days according to a recent data.
This rise in Bitcoin price has also added over 5.4% increase in overall crypto market capitalization.
Although some market experts believe this is only a short-term bounce, a more big price change seems to be approaching.