The cryptocurrency market entered the year 2023 at a record high, trading higher on Monday. Bitcoin, the world’s largest digital token, jumped 1.21% to trade at $16,727.34, while Ethereum was above the $1,200 mark.

“The largest cryptocurrency, Bitcoin, entered 2023 on a high note as it saw a 0.39% jump in value. The largest altcoin Ether also recorded a 0.29% jump to start the new year in the green. It will be interesting to see what central banks around the world do to fight inflation, which will set the tone for the financial markets. Markets will remain limited due to the changing Covid situation in the coming weeks,” said Shivam Thakral, CEO of BuyUcoin.

Most other crypto tokens are also trading higher on Monday. Solana won 13.31%. USD Coin, Dogecoin, Cardano, Polygon, Binance, Tron, Litecoin and Polkadot were also trading higher. However, XRP is trading low.

The global cryptocurrency market cap is trading high but is only $800 billion, up 0.68% in the last 24 hours.

Total DeFi volume is currently $1.29 billion, or 7.15% of the total 24-hour crypto market cap. The value of all stablecoins is $16.30 billion, or 90.14% of the total 24-hour crypto market cap.

The value of Bitcoin is around $322 billion, controlling around 40.09%, an increase of 0.01% on the day, according to CoinMarketCap.

Cryptocurrency Prices

  • Bitcoin $16,750.82 1.31%
  • Ethereum $1,213.73 1.58%
  • Tether $0.9997 0.01%
  • USD Coin $1 0.01%
  • BNB $246.32 0.90%
  • XRP $0.3376 -0.28%
  • Dogecoin 0.07187 3.54%
  • Cardano $0.2538 3.61%
  • Polygon $0.7684 2.12%
  • Polkadot $4.48 4.37%
  • Tron $0.05485 0.60%
  • Litecoin $74.55 7.40%
  • Shiba Inu $0.000008185 1.82%
  • Solana $10.78 13.31%

 

Note: Price changes in the last 24 hours

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