Bitcoin recovers to pre-FTX crash levels - The Crypto Mile weekly update
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This week's The Crypto Mile Weekly Update reports on the recent lift in cryptocurrency prices, with the entire market capitalisation back above the $1tn mark.
Bitcoin has broken through the $21,000 mark for the first time since the start of November 2022, before the collapse of the FTX exchange.
And, as the entire cryptocurrency market capitalisation rises above $1tn again, solana made the biggest gains amongst blue-chips, even ousting polygon and gaining entry to the crypto top ten. Although this was only for a brief time before falling back to eleventh position.
The second largest cryptocurrency by market capitalisation, ethereum, has followed closely behind bitcoin by posting impressive weekly gains.
Bitcoin has broken through the $21,000 mark for the first time since the start of November 2022, before the collapse of the FTX exchange.
And, as the entire cryptocurrency market capitalisation rises above $1tn again, solana made the biggest gains amongst blue-chips, even ousting polygon and gaining entry to the crypto top ten. Although this was only for a brief time before falling back to eleventh position.
The second largest cryptocurrency by market capitalisation, ethereum, has followed closely behind bitcoin by posting impressive weekly gains.