The price of Bitcoin rose above $23,500 at 4 p.m. UTC on Jan. 29. That value brought the asset’s market cap above $452 billion.
The change represents a 3.65% increase from the asset’s lowest value today ($22,157). Bitcoin’s price gained nearly $1,350 by that measure.
BTC-USD
Today’s movement represents a five-month high, as the crypto asset is approaching $24,000 for the first time since August 2022.
Bitcoin additionally saw $32 million in total liquidations, over 75% short liquidations.
Ethereum, meanwhile, is up 5,7% over 24 hours, while the entire cryptocurrency market is up a more modest $40 billion over the same period. The global crypto market cap has now remained over $1 trillion for eight consecutive days, the longest time since June 2022.
At the time of press, Bitcoin is ranked #1 by market cap and the BTC price is up 3.32% over the past 24 hours. BTC has a market capitalization of $458.31 billion with a 24-hour trading volume of $27.35 billion. Learn more ›
$23,775.61
3.32%
BTCUSD Chart by TradingView
Bitcoin On-Chain AnalysisMarket summary
At the time of press, the global cryptocurrency market is valued at at $1.08 trillion with a 24-hour volume of $52.18 billion. Bitcoin dominance is currently at 42.39%. Learn more ›
Journalist at CryptoSlate
Mike trained in library and information sciences before moving into crypto writing in 2018. He lives on the West Coast of Canada.
Connect your wallet, trade with Orion Swap Widget.
Directly from this Widget: the top CEXs + DEXs aggregated through Orion. No account, global access.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
