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Bitcoin (
$76,344.00 ) has broken $21,000.
According to Coingecko data, BTC was valued at $21,083 at 12:59 a.m. UTC on Jan. 14. Its market cap was $403 billion. That change represents a 12% increase in 24 hours.
Bitcoin ( $76,344.00 ) prices for Jan. 13-14 via CoinGecko (time in PST)
Data also shows that $245 million of shorts have been liquidated over the past 24 hours, while $255 million of Bitcoin ( $76,344.00 ) was bought on spot markets today.
There are no major events that could have had an obvious positive effect on investor activity. Rather, changing investor sentiment may be due to a lack of bad news — and due to the fact that major crises like FTX’s collapse are fading into the past.
Furthermore, Bitcoin ( $76,344.00 ) ’s gains today represent ongoing growth over the past several days. This week, positive anticipation and sentiment toward a Consumer Price Index (CPI) announcement appeared to contribute to Bitcoin ( $76,344.00 ) ’s price growth.
The round number of $20,000 also represents a psychological barrier, and as such, investors may be optimistic now that Bitcoin ( $76,344.00 ) has crossed it.
Bitcoin ( $76,344.00 ) typically leads the crypto market, and its performance today contributed to the crypto market’s overall growth. The entire crypto market cap was up 8% over the past 24 hours, and it now has a market cap of $1.02 trillion.
Both Bitcoin ( $76,344.00 ) and the entire crypto market outperformed the stock market today. The Dow Jones was up 0.3% today, while the S&P 500 was up 0.4%.
However, some altcoins have seen modest growth compared to Bitcoin ( $76,344.00 ) . Ethereum (
$2,261.69 ) was up 9.8%, while XRP (
$1.37 ) , BNB (
$0.00 ) , and Polygon each gained close to 6%. It remains to be seen whether the crypto market will continue to trend upward.
At the time of press, Bitcoin ( $76,344.00 ) is ranked #1 by market cap and the BTC price is up 11.64% over the past 24 hours. BTC has a market capitalization of $404.6 billion with a 24-hour trading volume of $35.75 billion. Learn more ›
BTCUSD Chart by TradingView
Bitcoin ( $76,344.00 ) On-Chain AnalysisMarket summary
At the time of press, the global cryptocurrency market is valued at at $983.38 billion with a 24-hour volume of $64.86 billion. Bitcoin ( $76,344.00 ) dominance is currently at 41.13%. Learn more ›
