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    Breaking: Bitcoin Price Climbs To $36, 000

    Bitcoin price has climbed back to $36, 000 dollars after many week’s price fall.

    On Crypto exchange, Binance, the price of Bitcoin is now $36, 548 dollars up from a low of less than $21,000 dollars as at early January.

    ALSO READ: CBN Cryptocurrency Ban: Legal Or Not? Hear The Law

    Likewise, the price of Ethereum has also climbed to $2, 425 dollars.

    A check on Binance confirms this.

    ALSO READ: Elon Musk, Bezos, Zuckerberg lose $25.1B,  $20b, $10.4b In One Week

    Similarly, BNB price has also climbed to $372 dollars.

    Other cryptocurrencies have begun to see their prices jump.

    This is clearly a good news to all crypto investors.

    Before making the rise, Bitcoin price fell to a fresh low of $33, 000 in the morning before rebounding to more than $37, 000.

    The largest cryptocurrency by market cap is currently up more than 8% and changing hands for around $36,500.

    Ethereum also jumped up more than 7% to about $2,500.

    This sudden rise results from the concerns that the US Federal Reserve will hike interest rates this week.

    The US Federal Reserve want’s to keep inflation in check by the action.

    Total crypto market cap

    Meanwhile, the total capitalisation of the entire cryptocurrency market on Tuesday is currently $1,621,685,496,333.

    This is an upward from $1,615,262,801,871 yesterday.

    What Bitcoin did yesterday

    Specifically, Bitcoin closed on January 23rd, 2022, at a price of $36,654.33.

    This was an upward from $36,276.80 the day before.

    The daily high on the 24th of January, 2022 was $37,247.52 and the daily low was $33,184.06.

    Bitcoin market capitalisation

    Bitcoin’s market capitalisation at time of writing on 25th January, 2022 is $681.39 billion.

    This is against the market cap of gold which is at $11.678 trillion and Tesla is $933.96 billion.

    Bitcoin volume

    The total spot trading volume reported by all exchanges over the last 24 hours was $41,444,844,200.

    This is way up from $25,588,267,184 yesterday, January 24th.

    Meanwhile, high volumes can indicate that a significant price movement has stronger support and is more likely to be sustained.

    Volatility

    The price volatility of Bitcoin over the last 30 days is 53.68%.

    Fear and Greed Index

    Market sentiment today is 12, in Extreme Fear.

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