The Bitcoin price rose above $23,500 at 4 pm UTC on January 29. That value raised the asset’s market capitalization above $452 billion.

The change represents a 3.65% increase from the current lowest value of the asset ($22,157). The Bitcoin price gained almost $1,350 by that measure.


Today’s move represents a five-month high as the crypto asset approaches $24,000 for the first time since August 2022.

Bitcoin also saw $32 million in total liquidations, more than 75% short liquidations.

Meanwhile, Ethereum is up 5.7% in 24 hours, while the entire cryptocurrency market is up a more modest $40 billion over the same period. The global crypto market capitalization has now held at over $1 trillion for eight consecutive days, the longest time since June 2022.

At press time, Bitcoin is ranked #1 by market cap and BTC price is up 3.39% during the last 24 hours. BTC has a market capitalization of $458.56 billion with a 24-hour trading volume of $26.91 billion. Learn more >



BTCUSD Chart by TradingView

Bitcoin on-chain analysis

Market overview

At press time, the global cryptocurrency market is valued at $1.08 trillion with a 24-hour volume of $51.29 billion. Bitcoin dominance is currently at 42.41%. Learn more >

Journalist at CryptoSlate

Mike trained in Library and Information Science before moving into Cryptography in 2018. He lives on the west coast of Canada.

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