After tanking in 2022, the cryptocurrency market has bounced back. The industry's current valuation of more than $2.2 trillion is a huge improvement from the $800 billion at the start of 2023.

Unsurprisingly, Bitcoin (CRYPTO: BTC), which is the most valuable digital asset out there, has benefited tremendously. It has soared more than 100% in the past 12 months. But it currently sits 16% below its all-time high (as of June 25) in March.

If you have $1,000 that you're ready to invest in the cryptocurrency market, then you should seriously consider Bitcoin. Here's why.

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Source Fool.com