Bitcoin Surges Above $21,000 Amid Optimism Around Inflation
- Largest cryptocurrency hadn’t been above $20,000 in two months
- Total crypto market cap rises above $1 trillion: CoinGecko
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Bitcoin surged over $21,000 on Saturday amid optimism that it may have bottomed and inflation has peaked.
The largest cryptocurrency rose as much as 7.5% to $21,299, before paring gains as the day progressed. It hadn’t been above $20,000 since Nov. 8, and Saturday was the 11th straight day of advances. Second-largest token Ether surged as much as 9.7%, and others such as Cardano and Dogecoin also notched gains. Solana soared as much as 35%.