Bitcoin has skyrocketed this week and is now worth more than $57,000, the highest it has been in more than two years — good news for the cryptocurrency world.

The flagship cryptocurrency was up 7.9% on Tuesday morning to about $57,000 and is up nearly 11% from just five days ago. Since the start of the new year, bitcoin has grown more than 28% in value. It is now the highest it has been since December 2021, shortly after it broke its all-time high.