The cryptocurrency market continues its excellent start to the week, with Bitcoin approaching a key psychological level after adding nearly 2% to its value in the last 24 hours. The leading cryptocurrency briefly touched the $98k level but has slightly retraced towards the $96k level at press time.
Bitcoin’s price rallied above $95,000 during the last 24 hours, signalling a definitive shift in market structure rather than a simple volatility spike. According to CryptoSlate's data, the top crypto rose by more than 3% to reach a high of over $96,000, its highest price level since mid-November.
The company’s move closer to artificial intelligence and high-performance computing followed many others repurposing some of their infrastructure away from mining crypto.