Bitcoin Breaks $20K, Recovering Post-FTX Losses

[{"selector":"#anim-87b94c93-6e28-4281-a93c-7faeb3f5cbec [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.93339755556636%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Bitcoin reached just over $20,000 per coin on Friday, continuing its rise.

[{"selector":"#anim-9544fd89-5ea9-4e74-a93d-f2413bf49b4d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] According to CoinGecko, Bitcoin hasn't been this high since early November, before FTX's stunning crash.

[{"selector":"#anim-890a7117-e459-47eb-b802-b7cc45fc4159 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(41.706730753241786%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] According to CoinGecko, $72 billion was exchanged in bitcoin today.

[{"selector":"#anim-69070911-f7f4-49f7-a461-cdfabc058225 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-45.94350966077967%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] BTC rose this week ahead of the Federal Reserve's December Consumer Price Index report.

[{"selector":"#anim-bd564f77-7d0c-4925-a7bd-3611673c1e2d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Bitcoin began the week trading at $17,207 and has risen steadily since.

[{"selector":"#anim-c5f021c4-7041-4c57-b1a0-87de88fc1f44 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The CPI report confirmed market expectations that U.S. inflation is falling.

[{"selector":"#anim-3fb3cd95-e1b7-4584-bb5e-7d59cac4768a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.1690339948474%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Bitcoin's rise has Crypto Twitter cheering, but $20,000 remains 71% below its all-time high of $69,000. Learn more