Bitcoin Price Skyrockets By 11% In 24hrs

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Bitcoin which is also the world's largest cryptocurrency, soared surpassing $23,000.

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As per the Coinmarketcap data, Bitcoin price is up by 11% in 24hrs.

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After the FTX debacle, the cryptocurrency market collectively collapsed and investors expressed concerns about the stability of the industry.

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Some crypto commentators were aiming BTC price for a return of $10,000.

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However, recently BTC price surged and soared surpassing $20,000 for the first time in over two months.

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BTC holds steady and crossed the $23K level despite cryptocurrency lender Genesis on Jan 19th filed for bankruptcy.

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At the press time, the BTC price is $23,250 whereas ETH is up by 7% in 24 hrs and is currently trading at $1,673.

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