Bitcoin, the largest digital asset, is happy after rising 39% this month.
Next month's Fed meeting may affect bitcoin.
BTC crossed the $23,000 milestone for the first time in five months this month, which was fantastic for the cryptocurrency industry. The demand for BTC is mostly being driven by institutional investors, who are increasing their holdings in anticipation of the next bull run.
The largest digital asset in the world, Bitcoin, has increased by roughly 39% this month and is feeling good. The bitcoin market could change during the Fed meeting next month.
Not just the cryptocurrency market, but other markets frequently perform well in January as fund managers rush to invest funds at the beginning of the year. The tech-heavy Nasdaq Composite has had a return of 8.8%, in fact, while the majority of risk assets have climbed so far this year.
The global cryptocurrency market cap rise by 1.1% to $1.09 trillion in the last 24 hours, according to CoinGabbar data at the time of writing. The total crypto market volume over the last 24 hours was $75.77 billion.
DeFi's total volume is currently $5.54 billion, or 11.1% of the 24-hour volume of the whole crypto market. Stablecoin volume as a whole is currently $48.86 billion, or 86% of the 24-hour volume of the whole crypto market.
Cryptoquants Derivates shows positive funding rates which means crypto will remains green in the coming hours.
BTC price has rise by 0.23% in the last 24 hours. At the time, BTC was trading at $23,048. In the last 7 days, BTC price has rise by 9.31%. Bitcoin (BTC) dominance rise from 4.84% to 36.78% while ETH dominated 21.5% of the total crypto markets.
As per recent reports, the US Securities and Exchange Commission (SEC) is carrying out a probe into Wall Street investment advisors. The investigation was launched as investment advisors offered digital assets to their clients without the required licenses
BitPay has teamed up with MoonPay to expand the number of tokens available on the BitPay app. BitPay is eliminating all transaction costs for first-time buyers.
FTX still owes money have been revealed in new bankruptcy details following the collapse of the cryptocurrency exchange in November 2022.
Top Crypto Prices
Ethereum (ETH): Ethereum price fall by around 0.42% to $1,594 in the last 24 hours. In the last 7 days, ETH price has rise by over 2.96%. It is currently ranked as the 2nd largest crypto asset on CoinGabbar.
Binance (BNB): Binance Chain coin’s price rise to $307, by 0.85% in the last 24 hours. In the last 7 days, BNB price has rise by over 4.12%. It is currently ranked as the 5th largest crypto asset on CoinGabbar.
XRP: XRP coin’s price rise by 0.19% to $0.4098 in the last 24 hours. In the last 7 days, XRP price has rise by nearly 4.53%. It is currently ranked as the 6th biggest crypto on CoinGabbar.
Solana (SOL): Solana price fall 0.84% to $24.12 in the last 24 hours. In the last 7 days, SOL price has rise by nearly 12.88%. It is currently ranked as the 11th biggest crypto asset on CoinGabbar.
Cardano (ADA): Cardano token’s price rise by 1.56% to $0.3853 in the last 24 hours. In the last 7 days, ADA price has rise 14.1%. It is currently ranked as the 8th biggest crypto asset on CoinGabbar.
Dogecoin’s (DOGE) price rise by 0.41% in the last 24 hours. DOGE is currently ranked 9th. The price of DOGE at the time of this report was $0.08668.
Polygon (MATIC) price rise by around 2.98% to $1.1566 in the last 24 hours. In the last 7 days, MATIC price has rise by around 21.5%. It is currently ranked 10th on CoinGabbar.
Shiba Inu (SHIB) rise by 0.86% in the last 24 hours to $0.00001173. It is currently ranked 15th on CoinGabbar.
