1. Bitcoin has broken the $21,000 mark and is currently valued at $21,083 with a market cap of $403 billion.
2. Over the past 24 hours, $245 million of shorts have been liquidated and $255 million of Bitcoin was bought on spot markets.
3. The entire crypto market cap is currently at $1.02 trillion and outperformed the stock market today.
Bitcoin is making waves on the market. At 12:59 a.m. UTC on Jan. 14, the crypto asset broke the $21,000 threshold and is currently valued at $21,083 with a market cap of $403 billion. This is a 12% increase from the 24 hours prior, indicating a significant rally over the past several days.
The rising sentiment towards Bitcoin appears to be due to a lack of negative news and the fading of major crises like FTX’s collapse. The round number of $20,000 also serves as a psychological barrier, and as such investors are becoming more optimistic as Bitcoin crosses it.
Not only is Bitcoin doing well, but its performance has also contributed to the overall growth of the crypto market. Over the past 24 hours, $245 million of shorts have been liquidated and $255 million of Bitcoin was bought on spot markets. The entire crypto market cap is now at $1.02 trillion, up 8% from the 24 hours prior and outperforming the stock market today.
It is clear that Bitcoin is leading the way in terms of performance, and its growth is further encouraging investors to see the potential of the crypto space. With Bitcoin breaking the $21,000 barrier, the future of crypto is looking brighter than ever.