Bitcoin initiated yet another leg up in the past 24 hours, resulting in nearing $28,000 for the first time since June 2022.

The altcoins are also well in the green, with ETH reclaiming $1,800, while SOL, UNI, AVAX, and ETC have skyrocketed by up to 14%.

BTC Taps Yet Another 9-Month High

The US banking crisis, which later expanded to Europe as well, harmed bitcoin’s price performance at the end of last week as the asset tumbled below $20,000 for the first time in two months. However, the landscape started to change with the start of the new week.

Bitcoin began adding a couple of grand daily, which resulted in breaking above $26,000 on Tuesday. After its initial retracement to $24,000, the cryptocurrency went on a roll once again on Thursday and Friday.

The past 24 hours brought yet another price surge. This time, BTC spiked above $27,000 and even came inches away from tapping $28,000. This became its highest price tag since June 2022.