The total market capitalization of cryptocurrencies has held above $1 trillion for the eighth day in a row, the longest streak since August 2022.
Jan 30, 2023 00.52
Bitcoin rose Monday morning in Asia, reaching a five-month high.
Ether also rose along with all 10 other volatile cryptocurrencies, with Solana and Litecoin posting the biggest gains. The total market capitalization of cryptocurrencies has held above $1 trillion for the eighth day in a row, the longest streak since August 2022.
quick Facts
Bitcoin was trading 3.2% higher at $23,764 in the 24 hours to 8 am in Hong Kong, after hitting an overnight high of $23,918. It has risen 4.6% in the past week. Ether rose 4.7% to $1,645 Monday morning and 1.1% over the past week, according to data from CoinMarketCap.
Solana, a network backed by Sam Bankman-Fried, rose 8.9% to $26.11, for a weekly gain of 7.8%, as the network continues to recover from FTX-related damage.
Litecoin surged 6% to trade at $94.98, taking its weekly gains to 8.4%, after reporting that its network had seen no downtime in its 11 years of existence.
The total market capitalization of cryptocurrencies increased by 3.2% to $1.08 trillion, while the total trading volume increased by 38% to $51.28 billion.
Olivia Bennett writes for News Collective, covering news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on clear, reliable reporting and useful information, helping readers stay informed about current events, emerging trends, and stories that matter.