Bitcoin has surpassed the $20,000 mark, and the cryptocurrency market is expanding

Bitcoin has surpassed the $20,000 mark, and the cryptocurrency market is expanding ...

Bitcoin surpassed $20,000. For the first time since the FTX cryptocurrency exchange's collapse in November, the entire digital asset market, including related securities, is showing positive trends.

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Bitcoin was first traded in the week at $17,000, although since mid-December it has only traded around $16,000. According to CoinDesk, bitcoin had surpassed $21,000 last night, but it has now surpassed $20,920, indicating that it is no longer a champion. In November 2021, bitcoin set a new high as it climbed to $20,000, and the $20,000 bar, once considered an alarming low, is now a symbol of some sort of resurgence.

The current week for cryptocurrency companies surpassed the previous week with a 39% increase, while the Marathon miner raised the entire 76% mark. However, traditional markets are also showing signs of growth: even before the publication of reports for the past quarter, the S&P 500 index rose by 2%, although other factors, such as the restart of production in China, are also contributing.

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