The worth of Bitcoin rose above $23,500 at 4 p.m. UTC on Jan. 29. That worth introduced the asset’s market cap above $452 trillion.
The change represents a worth enhance of three.65% over 24 hours.
It additionally represents a 5.3% enhance from the asset’s lowest worth at this time ($22,157). Bitcoin’s worth gained practically $1,350 by that measure.
At the moment’s motion represents a five-month excessive, because the crypto asset is approaching $24,000 for the primary time since August 2022.
Bitcoin moreover noticed $32 million in complete liquidations, over 75% brief liquidations.
Ethereum, in the meantime, is up 5,7% over 24 hours, whereas the complete cryptocurrency market is up a extra modest $40 billion over the identical interval. The worldwide crypto market cap has now remained over $1 trillion for eight consecutive days, the longest time since June 2022.