After a streak of volatility over the past few days, the price of Bitcoin (BTC) briefly reclaimed the 24,000 mark on Wednesday night, rising to levels last seen mid-August last year.

Despite a drop to $23,800 by press time, the largest cryptocurrency is up 3.6% over the day and as much as 42% over the last 30 days, data from CoinGecko shows.

The latest price action comes in the wake of the Fed’s decision to increase interest rates by 25 basis points from 4.5% to 4.75%. It also follows the bullish performance in January, when Bitcoin gained almost 40% in value—the best result since 2013, according to Bitcoinmonthlyreturn.com.

(By Andrew Asmakov)