The BTC price has returned to levels last seen in November 2021.
After nearly three years, Bitcoin (BTC) has briefly recovered to its all-time high above $69,000 on March 5.
"This is a truly historic moment for the asset and the crypto industry as a whole," said Kraken managing director Jonathan Miller in an email to Cointelegraph, adding:
Similarly, Bitcoin's 56% year-to-date gain has ignited interest in various memecoins. According to data compiled by Ryan Lee, chief analyst at Bitget Research, altcoins such as Floki and Babydoge have returned anywhere between 80% to 289% in the past week alone, with an 840% increase in trading volume during the same period.
