Bitcoin climbs above $20,000 first time in over two months

Bitcoin climbs above ,000 first time in over two months

The crypto market has been battered this year, with more than $2 trillion wiped off its value since its peak in Nov. 2021. Cryptocurrencies have been under pressure after the collapse of major exchange FTX.

Jonathan Raa | Nurphoto | Getty Images

Bitcoin rose on Saturday above $20,000 for first time in over two months.

Bitcoin, the world’s biggest and best-known cryptocurrency, rose 4.6% to $20,853 at 01:01 GMT on Saturday, adding $922 to its previous close.

The cryptocurrency is up 26.4% from the year’s low of $16,496 on January 1.

Ether , the coin linked to the ethereum blockchain network, rose 5.91 % to $1,536.9 on Saturday, adding $85.90 to its previous close.

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