The bullish sentiment keeps growing after bitcoin’s price broke above $57,000 on October 15, extending its outperformance compared to alternative cryptocurrencies.
The largest crypto is up about 3.17% over the past 24 hours, according to CoinMarketCap. Following this, some analysts see a continued upside, with some calling for a return to the all-time high near $64,000.
Bitcoin is closer to its all-time high after surging over 95% since a low in July. BTC was trading at around $57,000 on October 14, before jumping to above $59,000 on October 15. At press time, BTC is trading at $59,454.52 with a market cap of $1,121,266,344,918.
With this recent spike in BTC price, the crypto is now closer to reaching its April 14 all-time high of $64,804. Note that Bitcoin price surge comes after Bloomberg reported that the U.S. Securities and Exchange Commission (SEC) didn't oppose a futures-based Bitcoin exchange-traded fund in the U.S.