Bitcoin surges above $21000 amid optimism around inflation, FTX
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Bitcoin rose as much as 7.5% to $21,299. It hadn’t been above $20,000 since Nov. 8, and Saturday marked its 11th straight day advancing.
Bitcoin surged over $21,000 on Saturday amid optimism that it may have bottomed and inflation may have peaked. The largest cryptocurrency rose as much as 7.5% to $21,299. It hadn't been above $20,000 since Nov. 8, and Saturday marked its 11th straight day advancing. Second-largest Ether surged as much as 9.7%, and other tokens like Cardano and Dogecoin also notched solid gains. The overall market cap of the crypto universe rose above $1 trillion for the first time since early November, according to data from CoinGecko. The gains came amid a report on consumer prices last week that showed inflation declining in January from December levels. ...