Since November, crypto market cap surpasses $1 trillion.

Cryptocurrency market capitalisation surpassed $1 trillion for the first time since early November.

On January 14, Bitcoin rose to almost $21,000 on hopes that inflation had peaked and bottomed.

The value of the most prominent cryptocurrency rose by up to 7.5%, reaching $21,299 at its peak.

January 14 was its 11th consecutive day of growth since November 8.

Ether, the second-largest cryptocurrency, surged 9.7%, while Cardano and Dogecoin also rose.

Bitcoin has been stuck between $16,000 and $17,000 for weeks before this breakout.

Cryptocurrency short liquidations have exceeded $100 million in five of the last six days, according to Coinglass.