Bitcoin’s price reached $37,000 Thursday, a level not reached since May 2022. 

The price was about $37,100 minutes before 9 am ET — up 4.9% from 24 hours ago, according to CoinGecko. It had reached as high as $37,149, the data shows. 

Ether’s price was at $1,922 at that time, a 1.6% increase in the past day. 

“Looking ahead, the breakthrough above the $37,000 and $2,000 mark will be a significant milestone, and our outlook is optimistic concerning bitcoin’s price action,” Douglas Comin, senior crypto options trader at XBTO, said in a statement. “The momentum appears poised to persist as the cryptocurrency market continues to garner attention from institutional…

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