Why The Crypto Market Is Up Today?
Bitcoin price has successfully surpassed $20,000 level
This comes amidst the uncertain macro environment
It looks like the year 2023 will be in favor of the crypto market as since the beginning of the year, the market is experiencing recovery. Now just after 15 days of 2023, for the first time since November 2022. The global crypto market cap has surpassed $1 trillion as per CoinGecko data. The continued crypto rally is led by Bitcoin which hit a high of $20,000, the price never seen since early November.
The world’s first cryptocurrency had never seen this price level after November 8. Bitcoin began its recovery journey at the start of 2023 and today, on January 14 the King currency has hit $20,000. At the time of writing, Bitcoin is selling at $20,879 after a surge of 11.04% over the last 24hrs.
The same is with other currencies like Ethereum, Cardano, Solana, BNB, Dogecoin. Infact, Solana is among the top gainers with a jump of more than 40% over the last 24hrs.