Bitcoin approaching $20,000, up 17% in seven days, price back to the level before FTX bankruptcy

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Bitcoin approaching $20,000, up 17% in seven days, price back to the level before FTX bankruptcy

On January 13th to 14th, 2023, Bitcoin led the market in an upward trend, reaching $19,971 before the deadline, approaching the $20,000 mark, returning to the level of November 8th last year. On November 11th last year, the exchange FTX announced bankruptcy and restructuring. In the days leading up to the incident, there was a social media battle between Binance and FTX, as well as panic selling, causing a rapid decline in the overall market. On the other hand, the US stock index closed with only a slight increase.

Top 10 Market Cap Cryptocurrencies by Price Increase

The top 10 market cap cryptocurrencies have the largest daily, 7-day, and 30-day increase in SOL, with the second-highest daily increase in Bitcoin; among the top 100 market cap cryptocurrencies, the highest daily increase is in MANA, GALA, CRV, SAND, OP, and AXS.