For the first time since June 2022, Bitcoin soars above $30,000 while other tokens continue to climb

With a $44 billion volume over the previous 24 hours, the market capitalization of all cryptocurrencies was $1.24 trillion.

Bitcoin
Ahead of US inflation data, the biggest and most well-known virtual currency, Bitcoin, increased by 6.3 percent to $30,084.9, breaking the $30k barrier for the first time since June 2022. It had a market worth of $583.4 billion. The value of the trade was $20.8 billion.

BTC has risen by 6%, and a new resistance level is currently at $30,500. The next support level for BTC would be at $29,200 if it is unable to overcome this barrier. BTC has increased by 80% so far this year after starting 2023 at $16,600.

Based on price changes over the previous 7 days, the BTC moving averages also point to a strong purchase mood. Some analysts have projected that with banks failing, the high interest rates, which may be contributing to the current favourable feeling towards Bitcoin, may need to be evaluated in February.

Ethereum
Ethererum, also known as Ether, which is the second-largest virtual currency, increased 3.7 percent to $1,924.3 and has a $231.8 billion market capitalization. In the previous day, $8.8 billion worth of Ethereum was traded.

Dogecoin
The virtual currency Dogecoin, which is based on memes, increased by 2.4 percent to $0.1. It was valued at $11.8 billion on the market. There were $491.1 million worth of transactions.

Solana
With a $8.2 billion market capitalization, Solana Solana increased by 5% to $21.3. In the previous 24 hours, Solana saw $245.5 million in trading.

Shiba Inu
Shiba Inu gained 2.4 percent and now has a $6.7 billion market worth. In the previous 24 hours, there were $152.3 million in transactions.

Polygon
The market capitalization of Polygon, which increased 2.8 percent to $1.1, is $10.4 billion. In the previous 24 hours, there were $236.4 million in trades.