The price of bitcoin has risen above $25,000, the highest level in eight months. The cryptocurrency has appreciated 50 percent since the beginning of January, despite pressure from US regulators.
However, the value of bitcoin, the largest and most well-known crypto coin, is still well below the record level of $ 68,992 of November 2021. Crypto traders think that the worst is over on crypto exchanges and foresee that 2023 will be a good year. There is also optimism in the financial markets about the prospects for the global economy.
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Many crypto companies suffered last year from the turmoil that arose in the sector after the collapse of FTX, one of the largest platforms for storing and trading cryptocurrencies such as bitcoin and ethereum.