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Home Industry Press Release

Bitcoin breaks $21,000 in sustained bull market performance

January 17, 2023
in Press Release
Reading Time: 4 mins read
Hull Invest

Cryptocurrency market capitalization recorded a net inflow of $13.12 billion over the past 24 hours and is now at $979 billion, up 1.28% from $979 billion.

During the reporting period, the market caps of Bitcoin and Ethereum increased by 1.89% and 1.47% respectively to $409.2 billion and $192 billion.

All of the top 10 cryptocurrencies recorded profits during the reporting period. Polkadot and Litecoin hit new all-time highs with 3.07% and 2.22% gains respectively.

CryptoSlate wMarket Update
Source: CryptoSlate.com

The market caps of Tether (USDT) and USD Coin (USDC) have risen to $66.49 billion and $43.9 billion respectively over the past 24 hours. BinanceUSD (BUSD) market cap has decreased slightly to $16.17 billion.

Bitcoin

BTC is up 1.65% and is trading at $21,185 as of ET 07:00. Market control increased from 41% to 41.2%.

In the last 24 hours, Bitcoin continued its good price performance by breaking the $21,000 barrier at 10:30 UTC on January 16th. Digital assets he peaked at $21,360 during the reporting period.

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BTC 24 Hour Price Performance (Source: Tradingview)

ethereum

Ethereum has grown 1.38% over the past 24 hours, trading at $1,566 as of 07:00 ET. Its market dominance he remained flat at 19.3%.

ETH reflects the price performance of BTC. The second largest digital asset by market capitalization approached $1600 and traded to $1594 during the reporting period before returning to current levels.

CryptoSlate wMarket Update
24 Hour Price Performance of ETH (Source: Tradingview)

top 5 price increases

Amplifier

AMP was the biggest one-day gainer, rising 21.81% during the reporting period to $0.0049 at the time of writing. The Ethereum-based collateral token is off to a strong start to 2023, rising more than 50% over the past 30 days. Its market cap was he $208.48 million.

mediblock

At the time of writing, the MED has increased 20.88% to $0.018. Healthcare-related blockchain networks have seen renewed interest, growing 43% over the past seven days. Its market cap was he $118.84 million.

fetch

FET is trading at $0.27, up 16.31% over the last 24 hours. Ai-related tokens are among the best performing assets in the current bull market, up almost 200%. Its market capitalization was $221.86 million.

ssv network

SSV is another Ethereum-based token on the list of top earners today. The token registered a 13.62% gain during the reporting period and is trading at $16.89 at the time of writing. Its market capitalization was $168.96 million.

Gala

GALA is up 13.46% over the last 24 hours and stands at $0.053 at the time of writing. NFT Token has gained more than 167% over the last 30 days. Its market capitalization was $376.58 million.

top 5 losers

FTX token

FTT was the biggest loser of the day, down 15.03% over the reporting period to $2.24 at the time of writing. The distressed exchange’s native token has lost some of the gains it made on Jan. 16, when it rose about 61%. Its market capitalization was $733.38 million.

Cello

CELO has fallen 6.01% to $0.69 over the past 24 hours. The token has risen about 27% over the last 7 days. Its market capitalization was $338.27 million.

new cypher

NU is in the top five losers for the second day in a row. Digital assets fell 5.97% to $0.14 during the reporting period. Ethereum-based tokens are up over 70% year-to-date. Its market capitalization was $101.42 million.

looks rare

LOOKS plunged 4.66% during the reporting period to $0.207 at the time of writing. Native tokens on the NFT marketplace are up 31% over the past month. Its market capitalization he was $97.6 million.

Hexadecimal

At the time of writing, HEX has fallen 4.03% to $0.026. Blockchain networks have risen about 20% over the past seven days. Its market capitalization was $4.56 billion.

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