2023 started on a positive note as the market rallyed bullish with double-digit gains for Bitcoin and other altcoins.
2022 will be one of the most difficult “crypto winters” of all time. The drop in prices and the collapse of his two cryptocurrency giants made the market even worse. The community expected him to see a positive rise in 2023, and the market performed as expected.
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Bitcoin Temporarily Exceeds $21,000
After hovering around $16,000, Bitcoin briefly hit $21,075 over the weekend. According to CoinMarketCap, BTC is up 22.39% over the past seven days. At the time of writing, it is trading at $20,732, down slightly by 0.77% over the past 24 hours.
Other major altcoins, including Ethereum, also posted gains of more than 21.4% over the past seven days. From the monthly low of $1,160, ETH reached the current price of $1,563 before falling to $1,532.
According to Coingecko data, the global cryptocurrency market capitalization has also surpassed $41 trillion and is currently at $1.2 trillion. His one of the highest rising major altcoins is Solana, which showed a 71% gain over the past seven days.
In general, the cryptocurrency market is a green rally. But it’s unclear if that’s the end of a year-long bear market for him and the beginning of a full-blown bull rally.
