Bitcoin rise restoring faith of Crypto community

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By Degen Lipsa

Green flags all over the Crypto market as Bitcoin hits $22K. bitcoin getting into track not only brought a sense of relief but also an a hope for a better year.This is the first time since last five months that saw Bitcoin blasted off to heights with great pace.

Bitcoin surges over $22K

Image courtesy: CoinMarketCap

According to datas,bitcoin has reached a high of $22,687 so far. It has increased by about 8% over the last 24 hours with its current price of $22,606.The last time Bitcoin reached such a surge was on August 18, 2022, long before the bankruptcy of the exchange FTX in November saw the price of the most popular cryptocurrency tumbling below the $16,000 barrier.

The sudden pump pushes Bitcoin’s gains to 20% jump weekly with a 34% over the last 30days.

There are predictions that Bitcoin might reach to it’s all time high price in 2023 i.e. $69K if this trend continues. The Brutal 2022 had definitely horrified the crypto community, However 2023 has brought that optimistic spark.

Not just Bitcoin but with an increase of about 7% today, Ethereum, the second-largest cryptocurrency by market capitalization, reached a four-month high of $1,656.As per CoinGecko, it last reached this high in September 2022. ETH also has gained 17% this week and 36% over the past 30 days.

In general, the value of cryptocurrencies has increased by 6% over the last day, with coins like Dogecoin (DOGE), Cardano (ADA), and Ripple’s XRP showing significant gains.

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