Home Cryptocurrency Bitcoin surpassed $23k before retreating

Bitcoin surpassed $23k before retreating

by SuperiorInvest

The largest cryptocurrency by market cap recently traded above $22,750, roughly flat over the past 24 hours, but has gained more than 8% over the past week. Bitcoin is up roughly 37% this year as investors shrug off various crypto industry headwinds, most recently Genesis Global Holdco LLC filed for Chapter 11 bankruptcy protection, though in an email to CoinDesk Joe DiPasquale, CEO of crypto fund manager BitBull Capital, said the rise was typical of the first quarter and saw “a long period of consolidation as shorts piled up.”

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