The crypto asset (virtual currency) Bitcoin rose for 11 consecutive days on the 14th, temporarily surpassing $21,000. Expectations that bitcoin has reached a bottom and that inflation has peaked have spread.
Bitcoin temporarily rose 7.5% to $21,299. Bitcoin last surpassed $20,000 on November 8, 2018. Ether also rose 9.7% at one point. Cardano and Dogecoin also posted solid gains.
According to data from CoinGecko, the market capitalization of all cryptocurrencies has surpassed $1 trillion for the first time since early November last year.
Original title:Bitcoin Surges Above $21,000 Amid Optimism Around Inflation, FTX (excerpt)
