#CryptoComeback Cryptocurrencies rose at the beginning of the year, recovering from recent losses as investor optimism returned to the market.

The price of bitcoin rose 3% to $97,234.80 on Thursday, bringing its annual gain to nearly 4% when accounting for trading on January 1.

The CoinDesk 20 index, a measure of the overall cryptocurrency market, advanced more than 3%. The token linked to Solana..., the popular Ethereum competitor, led the gains with an increase of nearly 7%. Cryptocurrency stocks Coinbase and MicroStrategy each rose 3.5%.