Bitcoin exceeded $ 21,000 last night

On the night of January 14, the first cryptocurrency showed significant growth — the bitcoin rate exceeded $ 21,000, and the market capitalization exceeded $ 1 trillion.

Analysts believe that the growth of the cryptocurrency market is related to macroeconomic factors. Not only the digital asset market has been growing, but also the stock markets of most countries. This shows investors' interest in risky assets, including cryptocurrencies.

One of the possible drivers of the growth of BTC and other cryptocurrencies was the publication of the US Consumer Price Index (CPI). It shows that inflation in the world’s largest economy continues to slow. A slowdown in inflation usually leads to an influx of funds into stocks and cryptocurrencies.

Interestingly, although macroeconomic factors speak in favor of cryptocurrencies, the situation in the industry is rather gloomy — the US Securities and Exchange Commission (SEC) has accused Gemini, a major cryptocurrency exchange, and Genesis, a credit service, of unregistered securities trading.

Nevertheless, bitcoin continued to grow. Over the past day, the rate of the first cryptocurrency has increased by 11%, and over the week, the growth was 23.5%.