Crypto Market – January 16, 2023

In a time of rising inflation and FTX, Bitcoin has gone over $21,000, doing better than the S&P 500 and gold and regaining a market cap of one trillion dollars. On Saturday, Bitcoin increased over $21,000 on hopes that inflation may have peaked and reached a bottom.

Bitcoin, the biggest cryptocurrency by market capitalization, briefly went over $21,000 on Monday during early trading hours. This was the first time since the FTX crash in early November that it had done so. Since then, the price of the digital currency has gone down a little bit and is now around $20,880. The price of Ether is up 17% over the last seven days and increased over the weekend as well. U.S. futures fell on Monday as crypto assets rose. Eurozone stocks increased.

Bitcoin is trading at $21,243 USD with a 24-hour volume of $26,461,535,964 USD. Bitcoin rose 1.75% overnight, with a $409,671,180,550 market cap.

  • Market Cap: $1,099,050,125,507.71
  • 24h Vol: $57,232,662,279.87
  • BTC Dominance: 37.13%

The worldwide cryptocurrency market valuation is $1.03 trillion, up 0.95% in 24 hours and down 53.1% year-over-year. Bitcoin’s market worth is $409 billion today, with 39.58% dominance. Stablecoins’ market value is $138 billion, or 13.31% of the crypto market.

The majority of other significant digital currency tokens were also trading higher. Cronos, Zilliqa, Shiba Inu, Polygon MATIC, LEO token, Ethereum, Convex CRV, and Solana were the largest gainers during the last twenty-four hours.

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