Cryptocurrency / Cryptocurrencies made a fortune in two weeks, bitcoin jumped 27 percent in January

Vikrant Shekhawat : Jan 14, 2023, 05:24 PM
Cryptocurrency: The month of January is looking very good for the cryptocurrency market and investors. Losses of long term investors are being compensated. The special thing is that in the business of about two weeks in January, there has been an increase of about 27 percent in the price of Bitcoin. The special thing is that for the first time after November, the Cryptocurrency Market Cap has become one trillion dollars. Let us also tell you how much the world's biggest and major cryptocurrencies have become.

11 percent increase in the price of bitcoin

The price of the world's largest cryptocurrency bitcoin has seen a jump of more than 11 percent in 24 hours of trading and the price has gone up to $ 20,968.77. The special thing is that in the last one week, there has been a rise of about 24 percent in this currency. Talking about the month of January, an increase of 27 percent has been seen in the price of bitcoin. Let us tell you that in November 2021, the price of bitcoin had reached $68,990.90.

The condition of Ethereum and other currencies

On the other hand, the price of the world's second largest Ethereum has seen an increase of 10 percent in the last 24 hours. Talking about the figures, the price of Ethereum has come down to $1,554.84. Whereas in the last 7 days, Ethereum has taken a jump of 23 percent. Binance has seen a growth of 17% in the last 7 days and today it is trading with a growth of about 6%. Cardano has seen a jump of 30 percent in the last one week. The price of Dogecoin is trading with a jump of 21.50 percent in 7 days. Solana is seeing a growth of 29 percent in the last 24 hours and a growth of 65.73 percent in 7 days. A jump of about 11 percent is being seen today in the price of Shiba Inu.

Market cap reached one trillion dollars

Due to the rise in cryptocurrency, there has been a huge jump in the market cap. According to statistics, after November 2022, the cryptocurrency market cap has reached one trillion dollars. In fact, due to the low inflation figures, there is a boom in the crypto market. Experts estimate that due to low inflation figures, there will be less increase in interest rates from the central bank. Because of which investors are turning towards risky assets.