Bitcoin crossed $85,000 on Monday, reaching its highest level since January. The move extends a rally that has built over the past several days, according to CNBC.
The latest price jump has reignited debate among market participants about whether the industry's prolonged slump, often called "crypto winter," is finally over. CNBC reports that this question is now a central topic of discussion in the market.
The report does not identify a single cause for the move. Instead, the price action itself is driving the conversation, with traders weighing whether the recovery can be sustained or is only a temporary bounce.