Bitcoin surpasses $23.5k, approaches $24k Bitcoin surpasses $23.5k, approaches $24k
Today's price movement represents a five-month high for Bitcoin.
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The price of Bitcoin rose above $23,500 at 4 p.m. UTC on Jan. 29. That value brought the asset’s market cap above $452 billion.
The change represents a 3.65% increase from the asset’s lowest value today ($22,157). Bitcoin’s price gained nearly $1,350 by that measure.
Today’s movement represents a five-month high, as the crypto asset is approaching $24,000 for the first time since August 2022.
Bitcoin additionally saw $32 million in total liquidations, over 75% short liquidations.
Ethereum, meanwhile, is up 5,7% over 24 hours, while the entire cryptocurrency market is up a more modest $40 billion over the same period. The global crypto market cap has now remained over $1 trillion for eight consecutive days, the longest time since June 2022.
Bitcoin Market Data
At the time of press 11:54 pm UTC on Jan. 29, 2023, Bitcoin is ranked #1 by market cap and the price is up 3.32% over the past 24 hours. Bitcoin has a market capitalization of $458.31 billion with a 24-hour trading volume of $27.35 billion. Learn more about Bitcoin ›
Crypto Market Summary
At the time of press 11:54 pm UTC on Jan. 29, 2023, the total crypto market is valued at at $1.08 trillion with a 24-hour volume of $52.18 billion. Bitcoin dominance is currently at 42.39%. Learn more about the crypto market ›
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Author 
Mike Dalton
Before transitioning to crypto writing in 2018, Mike studied library and information sciences. Currently, he resides on Canada's West Coast.
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Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).