Bitcoin’s price initiated another leg up in the late hours of Saturday and jumped to its highest level in over a year and a half at almost $40,000.

Ethereum and Chainlink are among the best-performing larger-cap alts on a daily scale, with ETH standing above $2,150 and LINK trading north of $16.

BTC Neared $40K

It was less than a week ago – on Monday and Tuesday – when the primary cryptocurrency’s price performance was quite sluggish and underwhelming. The asset had dipped below $37,000 on a few occasions at that point, but then the bulls came out to play.

They pushed BTC north hard and it had added more than a grand within a day. After failing to overcome the $38,000 mark on its first attempt and trading below it mid-week, the cryptocurrency went on the offensive once more at the end of it.

This time, the bulls were more persistent and drove bitcoin to nearly $39,000 on Friday. Saturday started on a calmer note, but BTC spiked by another grand in the late hours and to just under $40,000 on several exchanges, leaving millions in liquidations.