Bitcoin rallied 5.8% to $69,749, its highest level since early June, as momentum builds near the $70,000 mark.
Bitcoin climbed 5.8% on Wednesday, reaching an intraday peak of $69,749, its highest level in over two months. The move cleared the 100-day moving average, a key technical threshold for traders.
The cryptocurrency last traded above $69,000 in early June, before retreating amid broader market volatility. Wednesday’s gain extends a recent rebound, with BTC now up nearly 10% over the past week.
BTC briefly approached the $70,000 level before paring gains to trade near $68,580.