Leading cryptocurrency Bitcoin [BTC] has made an exceptional comeback this week, reaching a few yearly highs. On 15th November, the coin reclaimed the $37,000 price level after it recorded an intraday rally of 6% during that dayâs trading session.
BTC closed the day at a high of $37,880 before witnessing a correction. The last time the coin traded at such a high was in May 2022.
At press time, BTC exchanged hands at $36,378, with a 2% value decline in the last 24 hours, according to data from CoinMarketCap.
As the coinâs price rallied to an 18-month high, its new demand also climbed. On-chain data sourced from IntoTheBlock showed that during the week, the coinâs adoption rate reached a yearly high of 67.62%.$BTC
This indicated that the week saw a significant increase in new market participants.
