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Bitcoin Skyrockets to 19-Month Peak but These Alts Have Performed Better

After slipping below $38,000 yesterday, bitcoin’s price went on the offensive once again in the past 24 hours and just now shot up to its highest price tag since the start of May 2022. After the relatively calm weekend, bitcoin dipped on Monday and Tuesday but reversed its price trajectory by the middle of the business week and jumped above $38,000 on a few occasions. However, it failed to maintain its run and slipped below that level almost immediately, as reported yesterday. Nevertheless, the bulls reminded of their presence in the past 24 hours and helped BTC resume its run by climbing above $38,000. Most altcoins have also charted notable gains over the past 24 hours.

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