On January 9, the cost of bitcoin for the first time since mid-December 2022 exceeded $17,000. In 24 hours, the asset rose in price by 1.6%, according to CoinGecko.
Now bitcoin is trading near the $17,200 mark. On the chart, we can see that the price increase is accompanied by a surge in trading volume.
According to information Coinglassthe daily liquidation in the futures market is $187.2 million. Of these, $22.5 million are contracts based on bitcoin, $49.5 million are Ethereum.
The price of Ethereum is holding at $1309 (+3.6% in the last 24 hours).
Following the market leaders, altcoins are also moving up. For example, Cardano has grown by 18.3% over the past 24 hours. From the second ten of the rating, Solana demonstrated double-digit growth (21.6%).
Whether this picture will be a long-term perspective is unknown. Recall that in December Nansen analysts pointed out the risks continuation of the bearish dynamics of cryptocurrencies in 2023.