After a difficult few months, the cryptocurrency market is registering a modest rise again, boosted by Bitcoin (BTC), the largest asset by market capitalization. Bitcoin recently crossed a significant threshold for the first time since the collapse of crypto trading platform FTX.
In fact, recent charts show Bitcoin broke above the 50-day moving average (MA) for the first time since the crash of what was once one of the world’s largest cryptocurrency exchanges, the investment insight platform. game of trade highlight on your twitter profile January 10th.
After breaking out of $16,857, the next critical resistance level that cryptocurrencies must break for continuation of the bullishness is currently forming around $17,600, according to an analytics platform post. $19,031.
Bitcoin price analysis
Meanwhile, the flagship digital asset is trading at a price of $17,304.12 at the time of writing, up 0.19% over the past 24 hours and up 3.73% over the previous seven days. It stands at 0.85%.
At the same time, Bitcoin has a market capitalization of $333.24 billion, but 24-hour trading volume of $16.09 billion (931,583 BTC) ranks second in this indicator.$26.07 billion, according to coin market capitalization Data retrieved by Finbold on January 10th.
Also, early Amazon (NASDAQ: AMZN) investor Bill Miller III has consistently expressed enthusiasm for Bitcoin’s “amazing” performance, recently beating all other crypto entities to ” Note also that it praises “dramatically different” and praises the consistency of traditional trades. The market was struggling.
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