Bitcoin, the world’s largest cryptocurrency by market capitalization, rose 21.7% from Jan. 11 to Jan. 18, trading at US$21,212 at 2 p.m. on Wednesday in Hong Kong.
With Bitcoin above the US$21,000 mark, the world’s benchmark cryptocurrency has returned to its price level from before the Nov. 11 collapse of the FTX cryptocurrency exchange.
The impressive price action seen in Bitcoin is clear evidence that investors are now positively accumulating the coin
The global crypto market cap exceeded US$1 trillion on Jan. 15, for the first time since Nov. 8, according to CoinGecko data.