Bitcoin Gains 2.31%: Quick Review of Cryptocurrency Market Changes

user avatar

by Giorgi Kostiuk

2 years ago

Over the past 24 hours, Bitcoin's price has risen by 2.31%. However, there is a 23.85% decrease in cryptocurrency trading volume.

Current Bitcoin Price Movements

Bitcoin encountered resistance at $94,857 in the morning hours of January 14 but overcame it to reach $97,077. The cryptocurrency briefly tested the $97,000 level before retreating to $96,000. The intra-day high was recorded at $97,724.96. Over the past week, Bitcoin has shown a 0.38% increase, consolidating above $92,000.

Technical Indicators for Bitcoin

Technical indicators suggest potential further upward movement. According to TradingView, the MACD signal line is close to crossing with the MACD line, indicating potential growth. The Chaikin Money Flow (CMF) indicator stands at 0.09, indicating increased capital flow into the digital asset. Resistance is expected at $98,745.

Overview of Altcoin Movements

Altcoins such as XRP and Solana have also shown significant gains over the past 24 hours, indicating the potential for a resurgence in bullish trends in the altcoin sector.

The current situation in the cryptocurrency market highlights potential growth opportunities for Bitcoin and altcoins, although continued developments depend on Bitcoin's ability to overcome key resistance levels.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Crypto Firms Rally Behind CFTC in Perpetual Futures Legal Battle

Coinbase, Kalshi, and four other companies filed an amicus brief supporting the CFTC's authority to regulate perpetual futures tied to US stocks amid a significant lawsuit.

user avatarBayarjavkhlan Ganbaatar

CMAA Challenges CFTC's Authority Over Perpetual Futures

The Capital Markets Alliance Association (CMAA) has filed a lawsuit against the Commodity Futures Trading Commission (CFTC), claiming that perpetual futures should be classified as security-based swaps, which would impose stricter regulations.

user avatarTenzin Dorje

XRP Ledger Foundation Unveils Quantum-Resistant Account Design

The XRP Ledger Foundation has introduced a quantum-resistant account design using the MLDSA44 signature scheme, allowing users to transition to new keys without additional costs by 2028.

user avatarMohamed Farouk

Valour Expands Digital Asset Offerings on Sweden's Spotlight Stock Market

Valour, a subsidiary of DeFi Technologies, has launched eight new digital asset exchange-traded products (ETPs) on Sweden's Spotlight Stock Market.

user avatarElias Mukuru

Continuous Ecosystem Maintenance in Solana's November Update

The November update reflects ongoing maintenance efforts within the Solana ecosystem, crucial for supporting demanding financial applications.

user avatarGustavo Mendoza

Improvements in Solana's JavaScript SDK Build Process

The changelog reveals a significant reduction in the JavaScript SDK build process time, promising enhanced productivity for developers.

user avatarMaria Fernandez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.