Bitcoin (BTC) prices briefly dropped to two-year lows under $15,600 in November following the FTX bankruptcy filing, but crypto regained its swagger in early 2023. BTC prices rose more than 37% in January, finishing the month above $22,900. Ethereum (ETH) prices rose 30% in January to close out the month at $1,577. Why is crypto going up today Smaller cryptocurrencies, which tend to move in tandem with bitcoin, also fell. Ether , the second largest token, fell to as low $1,013, the lowest since January 2021, and was last down 1.22% at $1,172.76.
Despite negative news regarding crypto lender Genesis, Bitcoin price continues to rise. The rise in Bitcoin price after Genesis filed for bankruptcy may mean that the news was already priced into BTC. MarsDAO Ecosystem Celebrates MDAO Token Listing on Bybit, Bitget, and Gate.io Cryptocurrency Exchanges Here's a sampling of the commentary:
When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. RELATED CONTENT For example, founders that want their crypto networks to replace traditional payment rails should benchmark their growth against the same metrics payment incumbents have used for decades. They should also directly measure the savings they bring to consumers and businesses as they rebuild basic financial services using crypto. Similarly, Web3 entrepreneurs focused on bringing more choice and competition to the creator economy should measure the economic value they disburse to creators and compare that to the incumbents. If it is true that crypto can truly remove frictions and give creators more power, these new metrics will quickly showcase the benefits the technology is delivering to society.
On the latest episode of the cryptocurrency podcast “BitTalk,” hosts Akiba, James, and Nick discussed the recent surge in the value of Bitcoin. Despite many experts in the field predicting a dull year for the cryptocurrency, with a focus on building and the price hovering between $12,000 and $20,000, the value of Bitcoin unexpectedly shot up last week. SMB Saathi For BeInCrypto’s latest crypto market analysis, click here.
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