Bitcoin roared past $79,000 Friday, sustaining the biggest run in years following positive regulatory news and an announcement from the U.S. Treasury. 

The leading cryptocurrency hit as high as $79,319 before dipping slightly. It was recently priced at $77,584, a more than 7% rise over the past day. Over a seven-day period, the coin has shot up by close to 23%. 

Bitcoin had spent most of July and June trading below $65,000. Some analysts had said that the bottom was likely in. 

JUST IN: Standard Chartered bank says Bitcoin could surge back to $100,000 this year, ending the “shallowest” bear market so far 🚀 pic.twitter.com/IpyESe931E

— Bitcoin Magazine… Read more on BitcoinMagazine