The cryptocurrency bitcoin reached a four-week high on Tuesday, recording $44,356, the highest since mid-January.
According to Arabiya Net, analysts attributed this in part to technical factors such as the settlement of some city centers that had pushed it into a three-month downward trend.
During the past 24 hours, the currency jumped 3.4%, reaching a market capitalization of $840 billion.
Since it plunged to its weakest level in six months on January 24, Bitcoin has posted a gain of about 35%.
Ether, the second largest cryptocurrency, touched a three-week high at $3,170.
Ether has gained more than 15% in the last 7 days, while it has risen in the past 24 hours by 3.36%
