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Cryptos: Bitcoin surges through $4,000, on track for its best session in three weeks

Bitcoin prices jumped on Wednesday, trading back above $4,000 and putting the cryptocurrency on track for its best session in more than three weeks.

In early afternoon trade, one bitcoin BTCUSD, +0.01% was changing hands at $4,027.04.80, up 2.3% since Tuesday’s level at 5 p.m. Eastern time. The digital currency is set to book its best session since March 5, when it gained 3.6%.

Read:Cryptocurrency mining equipment maker Bitmain postpones IPO

What are analysts saying

“We can’t go from [crypto] winter to summer in a few days, probably not even in a few weeks,” wrote Mati Greenspan, senior market analyst at eToro.

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