Bitcoin Surpasses $21,000, Major Altcoins Post Double-Digit Gains

2023 started on a high note as the market posted a banger rally with Bitcoin and other altcoins posting double-digit gains.

2022 has collectively been one of the harshest “crypto winters” in history. Falling prices and the fall of two cryptocurrency giants further aggravated the market situation. As the community anticipated a positive recovery in 2023, the market delivered as expected.

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Source: ForbesBitcoin briefly tops $21,000

Bitcoin, which was hovering around $16,000, briefly touched $21,075 over the weekend. According to CoinMarketCap, BTC is up 22.39% over the past seven days. At press time, it is trading at $20,732, down slightly by 0.77% in the past 24 hours.

Other major altcoins, including Ethereum, have also posted a gain of over 21.4% over the past seven days. From a monthly low of $1,160, ETH touched $1,563 before falling to its current price of $1,532.

Source: Analytical analyzes

According to data from Coingecko, the global cryptocurrency market cap has also crossed 41 trillion and currently stands at $1.02 trillion. A major altcoin with the most gain is Solana, which has posted a gain of 71% over the past seven days.

The cryptocurrency market in general is in a green rally. However, it is unclear if this is the end of the year-long bear market and the start of a full bull rally.

Sources

1/ https://Google.com/

2/ https://news.google.com/__i/rss/rd/articles/CBMiW2h0dHBzOi8vd2F0Y2hlci5ndXJ1L25ld3MvYml0Y29pbi1yaXNlcy1hYm92ZS0yMWstbWFqb3ItYWx0Y29pbnMtZGlzcGxheS1kb3VibGUtZGlnaXQtZ2FpbnPSAQA?oc=5

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