Bitcoin Price Nearing 23K Mark, Market Capitalization Increases to $438 Billion
By The world’s largest crypto, Bitcoin, is seeing an increase of 0.64% in the last 24 hours, as of writing. Each BTC token is trading for 22,950 USD and is nearing crossing the 23k mark for the second time in the year already.[0] Experts have said that 23,400 was an obstacle for Bitcoin, which was surpassed last month.[1]
Cryptocurrency's market capitalization has been on the rise and currently sits at approximately $438 billion.[2] The 24-hour trading volume of Bitcoin has risen by more than 22 percent and currently stands at $28 billion.[2]
The total value of the worldwide cryptocurrency market is 1.07 trillion USD, a 0.57% rise from the previous day. The cryptocurrency market had a volume of 50.09 billion USD during the last 24 hours, with a 2.42% increase.
The current market capitalization of cryptocurrency is 442.04 billion USD. The last 24 hours have seen a 16.69% increase in trading volume.[1] Bitcoin's dominance has decreased by 0.05% in the last 24 hours. Over the course of the last seven days, the value of Bitcoin has fluctuated between 22,692 USD and 24,167 USD.[2] At the beginning of the week, the cost of bitcoin was influenced by the various macroeconomic factors of the market.[1]
The trading volume is experiencing an increase of 12.43% compared to the day before.[3] Bitcoin's dominance decreased by 0.25% to a total of 41.21% on the last day.
The price of Bitcoin has decreased by 2.35% over the last 24 hours and 3.94% over the past 7 days. At present, it is trading at $0.388.[4] The price support is set at $21,249, and the next major resistance level is situated at $22,649.[5]
For the past fortnight, Bitcoin has been trading between $22,000 and $23,000, with a sturdy barrier at the higher end of the range.[2] The price of Bitcoin has been showing signs of stability around $21,632 over the past few days, suggesting that it could hold this level even if there is a minor correction.[2] Given that the asset is experiencing a steady rise in its cost, the $22,816 resistance level could be tested as well.[2]
Despite its most recent price adjustment, Bitcoin is still 68.[4]
0. “Bitcoin Price Today: Bitcoin Increases By 0.24% In The Last 24 Hours” CoinGape, 13 Feb. 2023, https://coingape.com/bitcoin-price-today-bitcoin-increases-by-0-24-in-the-last-24-hours
1. “Bitcoin Price Today: Bitcoin (BTC) Jumps By 0.64% In The Last 24 Hours” CoinGape, 7 Feb. 2023, https://coingape.com/bitcoin-price-today-bitcoin-btc-jumps-by-0-64-in-the-last-24-hours
2. “Bitcoin price analysis: BTC Rallies by Over 4 percent after a bullish run – Cryptopolitan” Cryptopolitan, 15 Feb. 2023, https://www.cryptopolitan.com/bitcoin-price-analysis-2023-02-15
3. “Bitcoin Price Today: Bitcoin (BTC) Jumps By 1.33% In The Last 24 Hours” CoinGape, 8 Feb. 2023, https://coingape.com/bitcoin-price-today-bitcoin-btc-jumps-1-33-last-24-hours/
4. “BTC: AI sets Bitcoin price for Valentine's Day 2023” Finbold – Finance in Bold, 10 Feb. 2023, https://finbold.com/btc-ai-sets-bitcoin-price-for-valentines-day-2023
5. “Bearish-Rated Bitcoin (BTC) Rises Tuesday to $22242.4” InvestorsObserver, 14 Feb. 2023, https://www.investorsobserver.com/news/crypto-update/bearish-rated-bitcoin-btc-rises-tuesday-to-22242-4
