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Bitcoin broke $21,000.
According to data from Coingecko, BTC was valued at $21,083 as of 00:59 UTC on January 14. Its market cap was $403 billion. This change represents a 12% increase in 24 hours.
Bitcoin price January 13-14 via CoinGecko (time in PST)
The data also shows that $245 million worth of shorts were liquidated in the past 24 hours, while $255 million worth of Bitcoin was bought in the spot markets today.
There are no major events that could have had a clear positive effect on investor activity. On the contrary, shifts in investor sentiment may be due to a lack of bad news and major crises like the FTX crash fading into the past.
Additionally, Bitcoin’s gains today represent continued growth over the past few days. This week, positive anticipation and sentiment towards a Consumer Price Index (CPI) announcement appeared to be contributing to Bitcoin’s price growth.
The round figure of $20,000 also represents a psychological barrier, and as such, investors can be optimistic now that Bitcoin has breached it.
Bitcoin generally leads the crypto market and its performance today has contributed to the overall growth of the crypto market. The total crypto market cap has increased by 8% in the last 24 hours, and it now has a market cap of $1.02 trillion.
Bitcoin and the entire crypto market outperformed the stock market today. The Dow Jones rose 0.3% today, while the S&P 500 rose 0.4%.
However, some altcoins have seen modest growth compared to Bitcoin. Ethereum rose 9.8%, while XRP, BNB, and Polygon each gained nearly 6%. It remains to be seen whether the crypto market will continue its upward trend.
At press time, Bitcoin is ranked #1 by market capitalization, and the BTC price is up 11.64% in the past 24 hours. BTC has a market cap of $404.6 billion with a 24-hour trading volume of $35.75 billion. Learn more >
BTCUSD Chart by TradingView
Bitcoin On-Chain AnalysisMarket Summary
At press time, the global cryptocurrency market is valued at $983.38 billion with a 24-hour volume of $64.86 billion. Bitcoin dominance is currently 41.13%. Learn more >
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Sources 2/ https://news.google.com/__i/rss/rd/articles/CBMiVmh0dHBzOi8vY3J5cHRvc2xhdGUuY29tL2JpdGNvaW4tYnJlYWtzLTIxMDAwLWFsb25nc2lkZS0yNTVtLW9mLTI0LWhvdXItc3BvdC1wdXJjaGFzZXMv0gFcaHR0cHM6Ly9jcnlwdG9zbGF0ZS5jb20vYml0Y29pbi1icmVha3MtMjEwMDAtYWxvbmdzaWRlLTI1NW0tb2YtMjQtaG91ci1zcG90LXB1cmNoYXNlcy8_YW1wPTE?oc=5 The mention sources can contact us to remove/changing this article |
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