11 January 2023 Cryptocurrency prices rose today during trading on Wednesday, with Bitcoin well above the $17,000 mark, continuing its upward march since early 2023.
The cryptocurrency’s market capitalization rose 0.98% to $857.48 billion during today’s trading.
However, over the last 24 hours, trading fell by 14.72% to $34.88 billion.
In general, most of the major digital currencies have gained in price, in some cases by over 4%, amid expectations of an easing of the monetary tightening policy implemented by the US Central Bank.
And the US federal funds rate was recorded at 4.5%, a high rate that usually prompts investors to stay away from high-risk assets like digital currencies.
A slow rate hike will pull the rug out from under the dollar.
How much is bitcoin worth today?
Bitcoin BTC price rose 1.43% to $17,453 today.
Bitcoin trading volume decreased by 0.91% to $16.19 billion in the last 24 hours.
Bitcoin has seen a steady rise since the beginning of 2023, as its price rose from around $16,000 to $17,000.
What are cryptocurrency prices today?
The price of Ethereum ETH rose 0.91% to $1335.43.
The price of Binance coin BNB increased by 1.15% to $277.71.
The price of Ripple XRP increased by 4.20% to $0.3621.
The price of Cardano coin increased by 0.20% to $0.3154.
The price of Dogecoin currency increased by 1.69% and reached the level of $0.07705.
Polkadot fell 0.12% to $4.88.