Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
This article is 3 years old. The information presented may be outdated.
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.
