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 $86,978.77 Mezo Wrapped BTC -0.09% Market capitalization $51.06 million VOL. 24 hours $1.97 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 $123.75 Binance-Peg SOL 1.28% Market capitalization $0.14 billion VOL. 24 hours $0.59 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 $0.12 Binance-Peg Dogecoin 2.24% Market capitalization $0.31 billion VOL. 24 hours $0.11 billion , Cardano ADA $0.35 Binance-Peg Cardano 3.05% Market capitalization $0.16 billion VOL. 24 hours $45.97 million , and XRP XRP $1.92 XRP 4.33% Market capitalization $116.86 billion VOL. 24 hours $0.24 billion also demonstrated positive dynamics.