Bitcoin (BTC) is back baby. And it seems to be back with a vengeance… against bears. As reported by Blockonomi previously, the leading cryptocurrency suddenly broke past $4,200 after a slow and steady uptrend that lasted for weeks, pushing $4,400, $4,600, $4,800, and even $5,000 in rapid succession. However, BTC pulled back following that event, falling to $4,600 as buyers failed to maintain bullish momentum.
However, almost 24 hours after the initial surge, it seems that a secondary or tertiary uptick is coming to fruition, as altcoins catch up to the market leader, now flirting with $5,000.