At $1,018 as of today, the price of one bitcoin has increased by more than 4%.
Ether, the coin linked to the ethereum blockchain and the second largest crypto also rose by more than 7% to $1,272.
BTC climbed above the $16,900 mark in the last 24 hours after beginning the week with a low of $16,054.
More bulls may join the market and push BTC over the $17,000 milestone shortly if the price continues to go upward.
Price of ethereum, the second largest crypto has risen as well, trading at $1,270.
Today, the dogecoin price was trading at $0.10, up more than 6%.
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