Bitcoin price has been on a tear since last Friday, with the top cryptocurrency by market cap rebounding nearly 30% from Friday’s lows. The recovery has now set a new 2023 record, pushing above $25,000 and making a new high for the year.

Bitcoin Price Breaks Above $25,000

On the heels of a banking sector crisis and widespread bank runs, Bitcoin has been surging. Following the release of today’s CPI data, coming in at 6%, BTCUSD made an intraday move above $25,000 and is within striking distance of $26,000.