Bitcoin's Momentum Gains as Analysts Predict New Highs and Bullish On-chain Metrics Flash.

Bitcoin has rebounded past $28,000 after a recent U.S. Federal Reserve interest rate hike sent the price spinning downward. The largest cryptocurrency by market capitalization has risen about 22% this month and more than 65% since January 1. Meanwhile, the number of bitcoin addresses with a balance of 1,000 bitcoins is declining, suggesting a reluctance among institutional investors to add BTC to their coffers at the moment. Other major cryptos were largely in the green, regaining ground lost the previous day.