Bitcoin price surged March 29 to deliver its biggest gains against the US dollar since Christmas Eve.
Bitcoin Celebrates 3-Month Highs
Data from cryptocurrency exchange Bitstamp, which traditionally delivers a slightly more conservative price tracker than some major platforms, confirmed Bitcoin hit $4073 Friday.
This, statistics suggest, is the pair’s highest since December 24, and represents daily growth of 1.6 percent.
As Bitcoinist reported, BTC/USD had struggled to hold on to support around $4000 this week, with analysts warning downside could be imminent should the pair fail to close out the month above $3800.
With Friday’s push, however, this scenario appears all the less likely.
At press time, bitcoin price had slowed slightly to come down off its multi-month top, currently trading closer to $4050 on Bitstamp.
Longer-term, BTC/USD is still down almost 40 percent compared to its position six months ago, with the impact of November’s Bitcoin Cash hard fork debacle still weighing on market sentiment.