Bitcoin (BTC), the worldâ€™s largest cryptocurrency by market cap, surged 7% in the past 24 hours and is currently priced at $23,369, according to data from CoinMarketCap.
Although this represents a slight decrease from the daily high of $23,759 that was recorded in the early hours on Wednesday, Bitcoin is still trading at levels last seen on June 13th.
Bitcoin joins global marketsThe bullish breakout also comes amid optimism cautiously returning to global markets.
U.S. stocks closed with sharp gains on Tuesday as more corporates, including oilfield services provider Halliburton, pharma giant Johnson & Johnson, and toymaker Hasbro, beat forecasts to report earnings.
Elsewhere in the crypto market, notable gainers include meme coins Dogecoin and Shiba Inu, which are up 13% and 11% over the day, respectively.
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