The crypto market has been battered this year, with over $2 trillion having been wiped out of value since its peak in November 2021. Cryptocurrencies have come under pressure following the exchange collapse. large translation FTX.
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Bitcoin rallied Saturday above $20,000 for the first time in over two months.
Bitcoin, the world’s largest and most popular cryptocurrency, rose 4.6% to $20,853 at 01:01 GMT on Saturday, adding $922 to its previous close.
The cryptocurrency is up 26.4% from its year-to-date low of $16,496 on Jan.
Ether, a coin linked to the ethereum blockchain network, rose 5.91% to $1,536.9 on Saturday, an additional $85.90 from its previous close.
