Bitcoin (BTC) Trades Above $18K as the Market Turns Green

  • Bitcoin’s advance above the $16k resistance level has now reached the $18k level.
  • Bitcoin is trading above $18k and above the 100 hourly simple moving average.

The crypto market is witnessing bullish trend alarms. And the cryptos are illuminating with green signs everywhere, and the global market value has climbed to 3.87%. Bitcoin, the world’s largest and first cryptocurrency, has broken through numerous critical resistance levels, reaching its highest point since December. And since the beginning of January, Bitcoin has been trading at a price of $16K  and from the past 7 days it rallied in green. 

 BTC Price Chart (Source: CMC)

At the point of writing, the Bitcoin (BTC) price is $18,223.65 and has climbed by 4.0%. According to glassnode studio, almost 13% of the circulating supply is returned to profits. With a market cap of $3 billion, about 19 million BTC are in circulation. With a market value of $22.83 billion in 24 hours.

For the past 24 hours, the cryptos have been in a green march, with the top moving currency, Solana (SOL), gaining 23.02% in the last 7 days and trading at $16.28, up 1.15% in the previous 24 hours. And cryptos such as Bitcoin (BTC) and Binance Coin (BNB) are among the top 24h trending coins.

Avalanche (AVAX) has been the top gainer over the last 24 hours since Ava labs engaged with the service giant Amazon. As a result, the price of AVAX has skyrocketed over the last 24 hours and is currently trading at $15.34, a 22.67% increase.

From 24h, the leading gainers are Near Protocol (NEAR), Aave (AAVE), and Fantom (FTM). And the crypto market, after many battles and downtrends, and after many collapses, as well as the FTX collapse in 2022, is finally entering bulls.

A passionate writer who  is keenly exploring crypto and Blockchain loves to know about new things and exploring what is happening in world.