Bitcoin price has crossed the $11,500-line for the first time since January. The key digital coin keeps recovering after the early-February collapse.
On the Bitfinex, the currency changed hands at $11,278.10, while earlier it reached the session's top at $11,658.
The second major coin in terms of market value, Ethereum dropped to $931. The top-2 Ripple coin was recorded at $1.09.
Bitcoin price keeps recovering after touching the bottom below $6,000 on fears of tougher crypto trading regulation, price manipulation as well as hacker attack at Coincheck. For reference, Tokyo-based Coincheck exchange was hacked last month and lost coins for more than $500 million.
However, bitcoin is still priced some 20% lower y-o-y.
At the same time, the market, investors particularly, breathed freely once Seoul announced last week that would not ban cryptocurrency trading in the country.
Additional optimism came from the statement of US regulators about the need for the balanced market regulation and protection of investors.