Bitcoin bulls have a significant influence on the cryptocurrency market.

At the start of trading on January 17th, the top virtual currencies were diverging. In the previous 24 hours, the global crypto market cap fell by 0.84 percent to $982.47 billion. The overall crypto market volume for that time period increased by 17.74 percent to $53.46 billion.

Bitcoin, the world’s most valuable digital currency by market value, has gained 0.72 percent in the previous 24 hours and is now worth $21,238.

Bitcoin has recently made huge advances, becoming a sought-after asset in the cryptocurrency industry. BTC has increased by 18.18% in the last seven days, outperforming the cryptocurrency market significantly. Traders’ expectations of robust demand have most certainly increased investor enthusiasm, resulting in higher prices.

Bitcoin’s bullish momentum continues.

Despite the seemingly insurmountable opposition to BTC going beyond $21,238, indications point to its positive position remaining well-maintained; accordingly, if its underpinning strength continues, the rise may not be deterred in the near future.

Ethereum, the second-largest digital currency by market capitalization, increased 1.18 percent on the day to $1,581.56.

Solana has also piqued people’s interest in the last 24 hours, going as high as $23.8 and as low as $22.71. Solana is now worth $23.03.

At the time of writing, Ripple was trading up 1.06 percent at $0.3875. In the meantime, EOS was down 0.37 percent. In terms of the top 100 digital currencies, 69 were trading in the green, 31 in the red, and the rest were unchanged in the previous 24 hours.

SHIB, the 13th largest crypto asset by market capitalization, was among the day’s top gainers, rising 17.36 percent to $0.00001231.

The entire amount held in DeFi was $4.44 billion, or 8.30 percent of the overall 24-hour turnover on the crypto market. The total volume for all stablecoins was $47.99 billion, accounting for 89.77 percent of the crypto sector’s daily trading activity.

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