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The price of Bitcoin (BTC) edged past $35,000 this week—the highest it’s been since May 2022. After a prolonged “crypto winter,” this is welcome news to crypto traders and investors, many of whom are underwater on their holdings. While the $35,000 mark is still a long way from BTC’s peak value of more than $63,000 in the spring of 2021, it does represent a sizable bounceback. Bitcoin prices tumbled to less than $17,000 in late 2022.


As of the morning of October 24, Bitcoin’s price is sitting above $34,000. Within 24 hours, Bitcoin’s value had increased by more than 11%. For the year, it’s gained more than 90%.
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