Let's go! Bitcoin surges above $18K to cap 8-day winning streak

Bitcoin (BTC) has clocked eight straight days of increasing prices and has surged back above $18,000 for the first time since mid-December.

The cryptocurrency hadn't recorded such a prolonged winning streak since July 2021, at the height of the COVID-19 pandemic. 

Over the last seven days, the price of BTC has increased nearly 8%, with a 4.1% surge in the last 24 hours at the time of writing.

Bitcoin gained 300% in year before last halving — Is 2023 different?

BTC's price has fallen nearly 65% over 2022. The wider crypto market also faced headwinds resulting from numerous bankruptcies and collapses in the space over 2022.