Bitcoin has seen its biggest daily jump since July, Now showing sign of positivity.

Bitcoin has reclaimed the key $20,000 mark amid a broad rebound in the cryptocurrency market.

The world’s largest digital currency by market value rose to as much as $20,650 early Monday, its highest level since December 2017, according to CoinDesk’s Bitcoin Price Index.

Bitcoin prices surged on Friday, breaching the $20,000 level and leading a broad recovery in the cryptocurrency market.

Bitcoin had fallen as low as $18,644 on Wednesday and was mostly trading between $19,200 and $19,300 yesterday.

The price of Bitcoin surged to $20,808 today, pushing the cryptocurrency’s market capitalization back above $1 trillion.

Bitcoin’s market dominance currently stands at 38.5%, according to data from CoinMarketCap.

Etherum

Ethereum has surged 5.2% over the past 24 hours and is currently trading at $1,706, according to CoinMarketCap.

This is a two-week high for the market’s second-largest cryptocurrency, which is now preparing for a historic merge event that will see the network transition from its current proof-of-work (PoW) consensus algorithm to a less energy-intensive proof-of-stake (PoS) model

Solana

Elsewhere in the market, Solana (SOL) has been the best-performing asset among the top ten cryptocurrencies as the price of the token rallied 9.3% over the past 24 hours to hit a daily high of $35.66.

Etherum

Ethereum has surged 5.2% over the past 24 hours and is currently trading at $1,706, according to CoinMarketCap.

This is a two-week high for the market’s second-largest cryptocurrency, which is now preparing for a historic merge event that will see the network transition from its current proof-of-work (PoW) consensus algorithm to a less energy-intensive proof-of-stake (PoS) model.

Solana

Elsewhere in the market, Solana (SOL) has been the best-performing asset among the top ten cryptocurrencies as the price of the token rallied 9.3% over the past 24 hours to hit a daily high of $35.66.

Polkadot

Polkadot (DOT) is on an impressive run, up 9.6% on the day and trading at $7.80. The 10th largest asset by market cap, DOT is attracting attention from investors and traders alike.

Cosmos (ATOM) and Chainlink (LINK) have both seen significant gains over the past day, with ATOM up 22.9% and LINK up 12.5%. These gains come as both coins continue to rise in the rankings, with ATOM currently sitting at

The market is responding favorably to the European Central Bank’s decision to raise interest rates by 75 basis points. This is the second consecutive rate increase since July, and it appears to be having a positive impact on the market.

Jerome Powell, Chair of the Federal Reserve, said on Thursday that the organization is “strongly committed” to fighting inflation, which means there will be more interest hikes in the near future.

Powell’s comments caused the euro to rise sharply to $1.0070 from $0.9960 from the day before. Additionally, Asian stock exchanges did well on Friday morning as a result of the weakening of the US dollar. The Hong Kong Hang Seng Index rose 2.69%.