Optimism all around as Bitcoin soars to $21,000

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By Degen Lipsa

After a harsh Crypto Winter,Bitcoin price finally surges to $21k. Since the FTX collapse, this is the first time Bitcoin skyrocketed more than 20% in the opening two weeks of this year. According to Craig Erlam, senior market analyst at foreign exchange market maker Oanda, $21000 was judged a worrisome low but now perhaps marks a hint of a resurgence.

The year has been proving really favourable till now and there is a sense of relief and utmost happiness amongst the Crypto investors who have had hodl their assets till now. The year unfolded with Bitcoin standing on $16500 which jumped to $17000 earlier this week.

Several alternative coins have increased in value much more over the last 24 hours.

With a strong 40% surge, Solana has taken the spotlight, pushing it to a multi-month high of its own at more than $23. Among the digital currencies that have experienced double-digit price increases are Polkadot (20%), Shiba Inu (14%), Ethereum (10.5%), Cardano (11%), Dogecoin (11%), Polygon (10%), and OKB (10%).

As a result, the total market value of cryptocurrencies has recently hit $1 trillion on CoinMarketCap for the first time in months.

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