“Bitcoin hovered above the US$23,000 level in the past 24 hours as bullish sentiment remained high in markets. The surge could be attributed to BTC whales accumulating and increasing prices. BTC’s support now lies at US$22,900, while the resistance holds at US$23,375. On the other hand, Ethereum has also seen consolidating above the US$1,600 level. The next target for ETH bulls might likely be the US$1,700 level,” Edul Patel, CEO and Co-Founder of Mudrex said.
The global cryptocurrency market cap was trading higher around $1.06 trillion, rising 1.27% in the last 24 hours.
The total volume in DeFi is currently $4.8 billion, 8.55% of the total crypto market 24-hour volume. The volume of all stablecoins is now $49.13 billion, which is 87.46% of the total crypto market 24-hour volume.
The price of Bitcoin, the world’s largest cryptocurrency, hovered around $444.88 billion, with a dominance of about 42.01%, an increase of 0.06% over the day, according to CoinMarketCap.
Aptos rose the most among the top 100, rising more than 60% in the last seven days. “This rally was caused by a combination of a short squeeze and Aptos’ popularity in Asia, particularly China. The Chinese New Year was celebrated yesterday, which could have influenced Apto’s pump. The inside buzz is that whales are manipulating the markets to cash out because many of the altcoins that pumped the most have VC unlocks coming up,” said Rajagopal Menon, Vice President, WazirX.
Crypto Cart: Quick (Source: coinmarketcap.com, data as of 11.15 hours, IST on January 24, 2023)Bitcoin $23,135 1.71%
Ethereum $1,639 0.28%
Tether $1 0.01%
USD Coin $0.999 0.01%
BNB $320 4.96%
XRP $0.4215 3.5%
Dogecoin $0.08995 -0.19%
Cardano $0.3807 2.31%
Polygon $1.01 0.69%
Polkadot $6.64 5.41%
Tron $0.06305 1.99%
Litecoin $91.02 3.24%
Shiba Inu $0.00001214 0.29%
Solana $24.83 1.03%
(Note: Price change in last 24 hours)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)