On Friday, the cryptocurrency market continued its uptrend, with Bitcoin reaching a high of just over $20,000 per coin. According to CoinGecko data, Bitcoin hasn’t been priced this high since early November, before the spectacular collapse of FTX. The broader crypto market is also showing signs of life, with the industry’s total market capitalization currently standing at $979 billion, up 3.8% in the last 24 hours. According to CoinGecko, more than $72 billion in cryptocurrency has been traded in the last day. Bitcoin’s price began to rise earlier this week in anticipation of the Federal Reserve’s December Consumer Price Index report. On Monday, Bitcoin began the week trading at $17,207 and has since continued to rise.
