The price of bitcoin (BTC) soared on Wednesday, as the world’s first cryptocurrency topped the $60,000 level for the first time since November 2021.

Bitcoin has been on a steady upward trajectory since September of last year.

In fact, this morning’s gains bring Bitcoin’s total return for 2024 to more than 42% year-to-date with a nearly 6% gain just over the last 24 hours.

Bitcoin (BTC)

60,916.10 USD (7.35%)

MARKET CAP

$1.20 T USDVOLUME

$78.99 B USD

BTC has now regained all the ground it lost since the onset of crypto winter in May 2022, and it is steadily coming closer to breaking its all-time high of $64,000 set in November 2021.

In addition, ethereum (ETH) has been gaining alongside BTC, although not as substantially. ETH is up almost 3% over the past 24 hours. It is now over $3,300 and approaching its pre-crypto winter high of nearly $3,500 as well.