bitcoin
Bitcoin (BTC) $ 23,085.19
ethereum
Ethereum (ETH) $ 1,600.31
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 308.94
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.413872
binance-usd
Binance USD (BUSD) $ 0.999856
dogecoin
Dogecoin (DOGE) $ 0.090628
cardano
Cardano (ADA) $ 0.391904
solana
Solana (SOL) $ 24.63
matic-network
Polygon (MATIC) $ 1.14
polkadot
Polkadot (DOT) $ 6.60
tron
TRON (TRX) $ 0.063005
bitcoin
Bitcoin (BTC) $ 23,085.19
ethereum
Ethereum (ETH) $ 1,600.31
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 308.94
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.413872
binance-usd
Binance USD (BUSD) $ 0.999856
dogecoin
Dogecoin (DOGE) $ 0.090628
cardano
Cardano (ADA) $ 0.391904
solana
Solana (SOL) $ 24.63
matic-network
Polygon (MATIC) $ 1.14
polkadot
Polkadot (DOT) $ 6.60
tron
TRON (TRX) $ 0.063005
Saturday, January 28, 2023
HomeCoinsEthereumBitcoin up 50% from bear market low outperforming SPY, Gold

Bitcoin up 50% from bear market low outperforming SPY, Gold

The bear market rally that perplexed a lot of the crypto trade continued into the weekend as Bitcoin hit $23,230 for the primary time since August 2022. Bitcoin is now up 50% from its native low of $15,400.

BTC price
BTC-USD

Bitcoin has moved into a number one place amongst international property outperforming main asset lessons throughout the board. As well as, 2023 has seen development throughout a number of sectors as inflation begins to chill off. Since November lows, gold and the S&P500 are up 19% and 13%, respectively.

Over the previous 24 hours, markets have witnessed over $387 million in crypto liquidations, the bulk involving BTC and ETH for a complete of $165 million.

short liquidations
Supply: Coinglass

Quick positions all through this bear market rally have dominated liquidations. Nonetheless, that isn’t to say lengthy positions have been totally protected. As Bitcoin continues to rally, frequent retracements at key resistance ranges have caught bulls off guard. For instance, on Jan. 18 and Jan. 21, BTC longs have been liquidated for over $30 million.

BTC liquidations
Supply: Coinglass

Ethereum has seen the same efficiency to Bitcoin all through 2023 because it jumped to $1,647 from a low of $1,074 in November following the FTX collapse.

 

On the time of press, Bitcoin is ranked #1 by market cap and the BTC value is up 9.45% over the previous 24 hours. BTC has a market capitalization of $445.92 billion with a 24-hour buying and selling quantity of $36.99 billion. Be taught extra ›

BTCUSD Chart by TradingView

Bitcoin On-Chain Evaluation

BitcoinMasterNews

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Explore More

Related Articles