Early on Wednesday, cryptocurrency price increased, continuing their month-long rise to kick off the new year. Bitcoin and Ethereum are currently trading at their highest levels since the FTX exchange collapsed in early November. To read the most recent headlines and news on cryptocurrencies, scroll down.
According to Dow Jones Market Data, Bitcoin temporarily recaptured $21,500 on Wednesday morning to notch 14 days of straight advances, its longest stretch since 2017. A further gain on Wednesday would extend its winning streak to 15 days, which was a record achieved in November 2013. The biggest cryptocurrency in the world is up 23% in the last week and has maintained a price above $20,000 for the past four days. Since the demise of FTX in early November, it has been the first time that Bitcoin has maintained that level.
Early on Wednesday, Ethereum was getting close to $1,600 and had increased by 20% in the last week. The #2 cryptocurrency is on the verge of regaining its $1,650 price point from November, before the FTX meltdown.
Cryptocurrency Prices Heatmap: