Bitcoin's (BTC) price has recently soared, reaching levels not seen since November 2021.

This surge took the cryptocurrency briefly above its all-time high of $69,000 on March 5, marking a significant comeback after nearly three years.

Kraken managing director Jonathan Miller celebrated this milestone, acknowledging its importance for both Bitcoin and the broader crypto industry.

According to Ryan Lee, chief analyst at Bitget Research, these altcoins have enjoyed returns ranging from 80% to 289% over the past week.

Additionally, this period has witnessed an 840% surge in trading volume for these digital assets, underscoring the revitalised enthusiasm among investors and traders alike.