Bitcoin (BTC) rose for an eighth straight day, surpassing $18,000 for the first time since mid-December.
Cryptocurrencies have not recorded such a long winning streak since July 2021, at the height of the COVID-19 pandemic.
Over the past 7 days, BTC’s price has risen by nearly 8%, and at the time of writing it has surged 4.1% in the last 24 hours.
Cointelegraph analysts have predicted that Bitcoin could rise to $18,000. The higher price puts pressure on $275 million worth of weekly options that expire Jan. 13, with bets likely below $16,500.
BTC’s price will drop by nearly 65% in 2022. The broader cryptocurrency market also faced headwinds from numerous bankruptcies and collapses in the same year.
Bitcoin rose 300% in the year before the last halving — will 2023 be different?
