Bitcoin is trading above $17,000; The Shiba Inu jumps 6%. Check cryptocurrency prices today

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In cryptocurrencies, the price of Bitcoin rose today on the world’s largest and most popular digital token trade with gains of almost 2% to $17,429. Overall, the global cryptocurrency market capitalization remained below the $1 trillion mark today, even though it rose nearly 1% in the past 24 hours to $893 billion. dollars, according to data from CoinGecko.

“Bitcoin saw a significant increase in value as it broke through an important resistance level at $17,400 on Tuesday. The rally occurred over the weekend, which propelled the price past this key level. This spike in value could be attributed to the accumulation of whales since over the past couple of days. If bitcoin can sustain this upward momentum, it could potentially hit the $17,500 resistance level by now. the end of the week. Ethereum, after a successful implementation of Merge, is now gearing up for the launch of the Shanghai public testnet in February, which will improve its ability to process high-volume transactions while reducing costs,” said Edul Patel, CEO and co-founder of Mudrex.

On the other hand, Ether, the coin linked to the Ethereum blockchain and the second largest cryptocurrency, also gained around 1% to $1,333. Meanwhile, dogecoin price was also trading up more than 3% today at $0.07, while Shiba Inu jumped more than 6% to $0.000009 today.

The current performance of other crypto prices has also improved as Tether, Stellar, XRP, Polkadot, Chainlink, XRP, Solana, Avalance, Polygon, Apecoin, Tron, Solana prices were trading with gains over the past 24 hours, while Litecoin and Uniswap slid.

The crypto industry’s woes continued as plummeting filings, layoffs, and a lawsuit added to the tumult of 2022, which was dominated by falling prices and high-profile bankruptcies.

Meanwhile, bankrupt crypto lender Voyager Digital on Tuesday received initial court approval for a proposed $1 billion sale of its assets to Binance.US, and said it would seek to expedite a review. of the US national security agreement, Reuters reported.

Voyager filed for bankruptcy in July, months after the crash of major crypto tokens TerraUSD and Luna sent shockwaves through the digital asset industry. Voyager originally planned to sell its assets to FTX Trading, but that deal imploded when FTX filed for bankruptcy in November amid a spree of customer withdrawals and allegations of fraud that led to the arrest of founder Sam Bankman-Fried.

(With agency contributions)

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