The fate of Bitcoin will be determined next month
According to Iran Economist, quoted by Cryptocurrency, strategist Crypto Kalio stated: Bitcoin is currently preparing for a huge increase that could take its value to a level not seen since June 2022.
“When it finally happens, we will see the price of $30,000, but don’t just think today is the day it’s going to happen, be careful and don’t get too greedy,” said the analyst.
The digital currency strategist predicted that Bitcoin may reach $30,000 in February, noting that the first digital currency is currently following similar patterns to 2019, when its price rose from $3,000 to $14,000.
Over the past few days, there has not been much change in the ratio of Bitcoin to Ethereum. This level is still expected to decline over the next few weeks as Bitcoin continues to strengthen and attract liquidity from alts similar to what happened in the 2019 bear market rally.
The strategist’s prediction appears to be in line with that of another crypto analyst who told his followers last week that Bitcoin’s goal for 2023 is above $40,000.
The total value of the global digital currency market is currently estimated at 1.04 trillion dollars, which has increased by 0.40% compared to the previous day. Currently, 41.95% of the total digital currency market is owned by Bitcoin, which has decreased by 0.38% in one day.
The total volume of the digital currency market in the last 24 hours is 52.21 billion dollars, which has decreased by 13.42%. The total volume in decentralized finance is currently $5.15 billion, which is 9.86% of the total 24-hour cryptocurrency market volume. The volume of all stablecoins is now $45.93 billion, which is 87.98% of the total 24-hour cryptocurrency market volume.
Digital currency price update (up to 08:28 EST)
This category contains the price changes of the 10 largest digital currencies in terms of market capitalization.
1- Bitcoin
Price: 22,748.31 dollars
Price changes in the last 24 hours: 0.37% decrease
Price changes in the last week: 7.57% increase
2- Ethereum
Price: 1635.17 dollars
Price changes in the last 24 hours: 0.55% increase
Price changes in the last week: 4.00% increase
3- Tether
Price: $1.00
Price changes in the last 24 hours: 0.00% decrease
Price changes in the last week: 0.00% decrease
4- Binance Coin
Price: $305.90
Price changes in the last 24 hours: 1.47% increase
Price changes in the last week: 0.14% increase
5- USD coin
Price: $1.00
Price changes in the last 24 hours: 0.01% increase
Price changes in the last week: 0.02% increase
6- Ripple
Price: $0.4061
Price changes in the last 24 hours: 0.08% increase
Price changes in the last week increased by 1.06%
7- Cardano
Price: $0.373
Price changes in the last 24 hours: 1.77% increase
Price changes in the last week: 3.44% increase
8 – Dogecoin
Price: $0.09056
Price changes in the last 24 hours: 5.90% increase
Price changes in the last week: 4.40% increase
9- Solana
Price: $25.75
Price changes in the last 24 hours: 2.04% decrease
Price changes in the last week: 6.35% increase
10-Polka dot
Price: $6.33
Price changes in the last 24 hours: 1.36% increase
Price changes in the last week: 5.84% increase