Bitcoin rose to a five-month high

The gradual recovery of the cryptocurrency market has given another impetus to the growth of the flagship cryptocurrency BTC $74,970.00 Bitcoin 0.92% Market capitalization $1.48 trillion VOL. 24 hours $3.72 billion . Bitcoin has broken through the $ 22,000 level and is currently trading at $ 22,614. According to CoinGecko, bitcoin has reached its five-month high today, and has risen by more than 7% in the last 24 hours alone. The last time BTC demonstrated such performance was back in August 2022. In the fall, digital gold plummeted below $ 16,000 due to the collapse of the FTX cryptocurrency exchange.

Experts noted that bitcoin gained 20% over the week, and a 34% jump was recorded over the past 30 days. Starting from the highest price of the coin ($ 69,0000), which was registered in the fall of 2021, the price of the main virtual asset has decreased by 68%.

Ethereum is also showing growth. Over the day, the leading altcoinincreased by 7% and is trading at $ 1652. According to CoinGecko, the last time ethereum cost this much was in September 2022. ETH grew by 17% in a week and by 36% in 30 days.

However, the fastest growth was demonstrated by Solana SOL $187.36 Solana 0.39% Market capitalization $88.36 billion VOL. 24 hours $0.94 billion . The coin, which fell to a two-year low at the end of December, has risen by almost 19% today and is trading at $ 25.13. This is the highest price of Solana since the token plummeted due to the FTX bankruptcy in November 2022. This week alone, SOL is up 52%. The coin is currently ranked 10th in the top 100 with a market capitalization of $ 9.34 billion.

It should be added that over the past 24 hours, the global value of the cryptocurrency market has increased by 6%. In addition to the above assets, Dogecoin DOGE $0.07 Department Of Government Efficiency -4.31% Market capitalization $68.23 million VOL. 24 hours $0.94 billion , Cardano ADA $0.37 Cardano 4.48% Market capitalization $13.38 billion VOL. 24 hours $52.57 million , and XRP XRP $0.55 XRP 2.88% Market capitalization $31.19 billion VOL. 24 hours $0.2 billion also demonstrated positive dynamics.