Bitcoin's value surged, reaching over $64,000, marking a significant milestone not seen since the 2021 bull market. The cryptocurrency's rapid increase, from $60,000 to $63,500 in under four hours, was highlighted as a crucial psychological and technical breakthrough, sparking short covering. This volatility and growth have been met with excitement within the crypto community, as many users noted the absence of mainstream financial media coverage despite the significant price movement. The current price level, nearing the all-time high of $63,618, indicates a potentially bullish market sentiment.