• The global cryptocurrency market cap rose nearly one percent in the last 24 hours to $893 billion today
In cryptocurrencies, bitcoin price soared today with the world's largest and most popular digital token trading at $17,429 with gains of nearly 2%. Overall, the global cryptocurrency market cap remained below the $1 trillion mark today, even as it gained nearly one percent over the past 24 hours to $893 billion, according to data from CoinGecko.
“Bitcoin saw a significant increase in value as it broke a key resistance level at $17,400 on Tuesday. The rally occurred over the weekend, which pushed the price past this key level. This spike in value was attributed to the accumulation of whales. last two days. If bitcoin can maintain this upward momentum, it could potentially reach the $17,500 resistance level by the end of the week. Ethereum, after successful merge implementation, now it The Shanghai public testnet is set to launch in February, which will improve its ability to process high-volume transactions while reducing costs," said Edul Patel, CEO and co-founder, Mudrex.
On the other hand, ether, the coin associated with the Ethereum blockchain and the second-largest cryptocurrency, also gained nearly one percent to $1,333. Meanwhile, Dogecoin price was still trading up over 3% today at $0.07, while Shiba Inu was trading up over 6% at $0.000009.
Other crypto price performance also improved today as Tether, Stellar, XRP, Polkadot, Chainlink, XRP, Solana, Avalanche, Polygon, Appcoin, Tron, Solana were trading with gains in the last 24-hours, while Litecoin was trading with gains. , Unisap slipped.
The crypto industry's woes continued as freezing deposits, layoffs and lawsuits loomed in a tumultuous 2022, dominated by plunging prices and high-profile bankruptcies.
Meanwhile, bankrupt crypto lender Voyager Digital on Tuesday received preliminary court approval for a proposed $1 billion sale of its assets to Binance.US, and said it would seek to expedite a US national security review of the deal, Reuters told.
Voyager filed for bankruptcy in July, months after major crypto tokens TerraUSD and Luna crashed, which sent shockwaves across the digital asset industry. Voyager initially planned to sell its assets to FTX Trading, but the deal fell through when FTX went bankrupt in November amid client withdrawals and fraud allegations, which led to the arrest of founder Sam Bankman-Fried.
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