Bitcoin Jumps by 23% in a Week

Bitcoin, the leading crypto in terms of market capitalization, has been consolidating since mid-December. Capital refused to enter the crypto sphere after the decision of the US Federal Reserve (Fed) to increase the discount rate.

The US stock market also came under strong pressure, which persisted until early January.

However, last week, optimistic data on consumer inflation revived traders, and they again started to enter risky assets, including cryptocurrencies.

Bitcoin broke resistance around $20,000 last Saturday, and on Sunday it briefly broke above $21,000.

However, the night before, as part of a correction, the largest digital currency fell to $20,882. On the night of Monday, the BTC capitalization exceeded $402.273 billion.