Bitcoin's success soared to $18000 within a few days after the initial increase in BTC of $17000 in 2023. Cryptocurrency has seen a rare long-term winning streak and has risen for eight consecutive days.

After raising the price of $17000 for the first time on Monday, Bitcoin soared again in the next few days. According to CoinTelegram, the price of BTC finally soared to $18000 on January 12, 2023 (Thursday), which is also the first time since mid-late December.

At the time of writing this article, according to the data information of CoinMarketCap, the BTC purchase and sale price is US $18101.65 per piece. The price of cryptocurrency has soared by 4.21% in the past 24 hours.

The price of Bitcoin has risen by nearly 8% in the past seven days. Since July 2021, the encryption algorithm has never recorded such a long winning streak.

However, BTC needs to reach a record high of nearly 69000 US dollars in 2021, and there is a long way to go. There have been many bankruptcies and crashes in the encryption market recently, mainly including the bankruptcy of FTX (the second largest data encryption trading center after bankruptcy).

FTX indicated on January 11 that it tried to recover $5 billion in cash cryptocurrency. The trading center can choose to sell such bonds to repay creditors' debts, which may give them a positive and optimistic view that enterprises can repay all customers.

The company also said that it also saw some login passwords that would be more difficult to sell. FTX explained that the reason for such difficulties was the lack of liquidity in the asset sales market.

Although the 8-day winning streak of Bitcoin is indeed a good news, some people propose to treat the price carefully. Before the release of foreign consumer price index (CPI) data, the rise of Bitcoin prices was a typical situation.

CPI data information will be released on January 12, 2023. Market observers predict that inflation will decrease, and the Federal Reserve meeting will suspend raising interest rates.