The price of Bitcoin has exceeded the $85,000 mark in about eight months. As it has continued to reb..

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The price of Bitcoin has exceeded the $85,000 mark in about eight months. As it has continued to rebound, rising more than 7% over the past five days, attention is being paid to whether it will be able to escape the "virtual currency winter" that has continued throughout this year.

According to the U.S. cryptocurrency exchange Coinbase on the 21st (local time), the price of one bitcoin was $85,895 as of 1:30 p.m. ET, up about 5.75% from 24 hours ago.

It is the first time in about eight months that Bitcoin has recovered to the $85,000 level since it hit $84,506 on January 29. Over the past five days, the rate of increase has exceeded 7%, and over the past three months, it has risen by about 35%.

Bitcoin once plunged as the U.S. Senate failed to pass the "clarity law" on the 15th and the Federal Reserve System (Fed) raised interest rates. Since then, it has turned upward again as it digested related bad news.

The recent decline in international oil prices and the spread of optimism in the asset market ahead of the summit between U.S. President Donald Trump and Chinese President Xi Jinping are believed to have affected the price increase.