For the first time since the FTX meltdown, Bitcoin crosses a critical price threshold. Future gains for Bitcoin

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The cryptocurrency sector is experiencing gradual growth once more after several trying months, led by its most valuable asset by market capitalization, Bitcoin (BTC), which recently crossed a significant threshold for the first time since the failure of the cryptocurrency trading site FTX.

Indeed, as recent charts have shown, Bitcoin has officially broken over its 50-day moving average (MA) for the first time since the collapse of one of the biggest cryptocurrency exchanges in history, according to a tweet from investment analytics platform Game of Trades on January 10.

The flagship digital asset, meanwhile, was trading at a price of $17,304.12 at the time of publication, up 0.19 over the previous 24 hours and 3.73% over the previous week. Its gains on the monthly chart are currently at 0.85%.

According to data retrieved by Finbold on January 10 from CoinMarketCap, Bitcoin’s market cap is currently $333.24 billion, while its 24-hour trading volume totals $16.09 billion (931,583 BTC), placing it in second place behind Tether (USDT), which is in first place with a daily trading volume of $26.07 billion.

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