Bitcoin Breaks $20K, Recovering Post-FTX Losses

Bitcoin reached just over $20,000 per coin on Friday, continuing its rise.

According to CoinGecko, Bitcoin hasn't been this high since early November, before FTX's stunning crash.

According to CoinGecko, $72 billion was exchanged in bitcoin today.

BTC rose this week ahead of the Federal Reserve's December Consumer Price Index report.

Bitcoin began the week trading at $17,207 and has risen steadily since.

The CPI report confirmed market expectations that U.S. inflation is falling.

Bitcoin's rise has Crypto Twitter cheering, but $20,000 remains 71% below its all-time high of $69,000.