Crypto

Bitcoin advances for 9 straight days, trades above $18,000. Check crypto prices

Today, the price of bitcoin rose to trade above $18,000 as the world’s largest and most popular digital token traded with gains of over 4% at $18,224 . Bitcoin has advanced for nine straight days, the longest such streak since 2020, according to data compiled by Bloomberg. Bitcoin has added more than 10% this month and the second largest Ether token around 17%.

Overall, the world cryptocurrency The market capitalization remained below the $1 trillion mark today, even though it rose more than 4% in the past 24 hours to $926 billion, according to data from CoinGecko.

On the other hand, Ether, the coin linked to the Ethereum blockchain and the second largest cryptocurrency, also gained around 5% to $1,401. Meanwhile, dogecoin price was also trading up more than 5% today at $0.08, while Shiba Inu jumped more than 6% to $0.000009 today.

“Bitcoin (BTC) traded above $18,000 and has seen an upward move in the past 24 hours. Despite initial resistance at this level, it eventually broke through. Overall, BTC started the year on a positive note. On January 1, but by the end of the first week, it had risen to almost $17,000. The existing market capitalization of BTC is over $335 billion. However, its dominance over other cryptocurrencies (altcoins) is around 39%, down 1% from last week,” said Edul Patel, CEO and co-founder of Mudrex.

Current performance of other crypto prices also improved as Tether, Stellar, XRP, Polkadot, Chainlink, XRP, Solana, Avalance, Polygon, Apecoin, Tron, Solana, Litecoin, Uniswap prices were trading with gains at the over the past 24 hours.

Bets that inflation is slowing and that the Federal Reserve will slow the pace of interest rate hikes helped all sorts of assets in early 2023. For Bitcoin, the recent gains contrast sharply with the fall of over 60 % from last year. amid a series of crypto explosions, including the fall of the FTX exchange.

(With agency contributions)

The opinions and recommendations made above are those of individual analysts or brokerage firms, and not of Mint.


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