Bitcoin price tested the level of $21,000 – Cryptonium News

Bitcoin price tested the level of $21,000

On Saturday night, January 14, one virtual currency traded above $21,000 at one point, with holdings up 11% over the past day, according to CoinGecko.

BTC/USDT hourly chart on the Binance exchange. Data: TradingView.
At the time of writing, Bitcoin is worth less than $21, 000.

The second most capitalized cryptocurrency approached $1600, but has since returned to $1550 (+10% on the day according to CoinGecko).

Hourly chart of ETH/USD on the Binance exchange. Data: TradingView.
After the flagship, the top 10 assets all moved into the green zone, with Cardano (+9.7%) and Dogecoin (+9.5%) showing the biggest gains. The total market capitalization of the cryptocurrency market exceeded $1 trillion.

Data: CoinGecko.

On the evening of January 12, the price of Bitcoin exceeded $18,000 for the first time since mid-December 2022, following the release of US inflation data. Later that same evening, the property continued to rise, testing $19, 000.

Recall that the expert Nansen stated in December that the basic scenario for 2023 is the arrival of a US recession and a wave of stock market declines. According to their text, cryptocurrencies will be subject to negative revaluation according to these criteria. All totals cannot be read. Retry…