The world's largest token is off from its brief peak above $108,000 in December, but is attempting to return above the 50-day moving average.

The price of bitcoin leapt back above $100,000 to start the first full trading week of the new year. The flagship cryptocurrency was last higher by about 4% at $102,234, according to Coin Metrics. The broader crypto market,

Bitcoin (BTC), the world’s oldest and most valuable crypto, managed to nearly touch the $100,000 mark early Monday, potentially signalling a return of bullish trend in the sector. It is largely believed that major companies including MicroStrategy zeroing in on Bitcoin purchases could lead to the latest rally.

The world's largest token is off from its brief peak above $108,000 in December, but is attempting to return above the 50-day moving average.