Bitcoin Continues to Rise as Cryptocurrency Market Surpasses $1 Trillion\n\nBitcoin, the world’s largest digital asset, is closing in on $25,000 per coin as the entire cryptocurrency market capitalization rose to $1.17 trillion. In the past week, Bitcoin has seen a 12.4% increase, while the second largest cryptocurrency, Ethereum, has risen by 11.7%. Other cryptocurrencies such as Solana, Polkadot, and Polygon have also experienced gains, with increases of 20%, 19%, and 18.5% respectively.\n\nAccording to Joe DiPasquale, CEO of crypto fund manager BitBull Capital, $23,000 is now Bitcoin’s new support level. He believes that the coming week will determine whether the digital asset will hit $30,000 or not. On Monday morning, Bitcoin trader Matthew Hyland tweeted that it is difficult to predict if the big breakout above $25.2k will happen immediately, but he expects a drop to around $22,000 before rebounding.\n\nBitcoin is heading into a quiet week in terms of macroeconomic triggers that could affect the price. While there are a few US data releases coming up, such as the Personal Consumption Expenditures Index, all eyes are on the next Federal Open Market Committee meeting in March. Futures markets are predicting a 25 basis point rate hike at the meeting, but the Federal Reserve’s decision is still uncertain.\n\nIn a recent episode of The Crypto Mile, host Brian McGleenon spoke to Lauren Ingram, founder of the podcast and community Women of Web3, about the challenges female entrepreneurs face in accessing venture capital funding for their web3 startups. Studies showing that less than 5% of crypto-entrepreneurs are women and only 2% of venture capital funding goes to women-founded web3 firms, Ingram shared tips on how to access funding and ways to address this gender imbalance.\n\nThe Crypto Mile Weekly Update reports on the recent lift in cryptocurrency prices, with the entire market capitalization back above $1 trillion. Bitcoin has broken through the $21,000 mark for the first time since November 2022, before the FTX exchange collapse. Ethereum has also seen a 12.4% increase in the past week, while Solana has made the biggest gains among blue-chip cryptocurrencies, even surpassing Polygon and entering the top ten. The recent gains, the market is still recovering from the FTX crash, but with the market back above $1 trillion, investors are feeling more confident about the future of cryptocurrency.\n\n Bitcoin’s continued rise and the overall growth of the cryptocurrency market highlight the resilience and potential of these digital assets. As the market surpasses $1 trillion, investors are feeling more confident and optimistic about the future of cryptocurrency.