Crypto News Today Live Updates December and Latest News: (16 January 2023) The digital asset market is trading high on positive sentiments shown by investors. The cumulative crypto market cap went on to regain the vital $1 trillion market cap. The biggest crypto like Bitcoin (BTC) and Ethereum (ETH) prices have surged by 23% and 20% over the past 7 days, respectively.
Shiba Inu Price Surges By 6%
Shiba Inu Coin price jumped by more than 6% in the last 24 hours. SHIB is trading at an average price of $0.000011, at the press time. Its 24 hour trading volume has dropped by 2% to stand at $446 million.
SHIB price is on a surge and riding high on the anticipation of the launch of Shibarium. Shiba Inu Price is up by 22% over the past 7 days.
Bitcoin Short-Term Traders Profits Shoot
The world’s largest cryptocurrency Bitcoin (BTC) gave a very strong breakout over the last weekend breaking past its 200-day moving average of $19,500. As of press time, BTC is trading at $21,094 with a market cap of $406 billion.
On-chain data provider Glassnode reports that Bitcoin short-term traders witnessed their most profitable spending day on January 14, after April 2022. A profitable STH-SOPR hints that there’s sufficient demand in order to absorb the profits taken. The SOPR retest to ~1.0 would distinguish this rally from previous breakout attempts back in 2022. Read More Here…
Crypto Market Regains $1 trillion Level
The digital asset market is trading high on positive sentiments shown by investors. The cumulative crypto market cap went on to regain the vital $1 trillion market cap.
As per the data, the total market capitalization surged by over 2% over the past day to stand at $995 trillion. However, the 24 hour trading volume has dropped by 25% to stand at $48.2 billion.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.