Bitcoin hit $25,107 at 11:13 p.m. ET on Sunday, its highest since June 12, according to CoinDesk data .
Bitcoin, the world's largest cryptocurrency by market capitalization, is down nearly 50 percent so far this year, but has rebounded 15 percent over the past month. Investors were clearly encouraged by better-than-expected U.S. inflation data and an improving stock market; U.S. stocks have risen for a fourth week in a row, the longest run of gains not seen since November 2021.