Dogecoin jumps by 8 %, Bitcoin slips under $ 23,000 (market observation)

Dogecoin jumps by 8 %, Bitcoin slips under $ 23,000 (market observation)

After Bitcoin had not overcome the $ 24,000 mark yesterday, he dipped seriously and fell at one point by over $ 1,500.

Most old coins are in the minus today as yesterday. However, Dogecoin, however, turns out to be the current top performer on the Twitter front.

Bitcoin under $ 23,000

as cryptopotato as was previously reported today, January 2023 is on the best way to become the month with the best performance for over a year. This is due to the fact that BTC was under $ 17,000 at the beginning of the year and in the following 31 days by around 40 %.

yesterday it was even higher than the bulls initiated another impressive upward trend that led to them only centimeters away from $ 24,000. This has become the highest price of BTC since mid -August 2022.

The bears quickly remembered their presence and almost immediately pushed Bitcoin south. In the following hours the cryptocurrency fell to $ 23,000 and continued to fall on an intraday low of $ 22,400 (on Bitstamp).

Although BTC has made some ground since then, it still fights less than $ 23,000. Its market capitalization has dropped to $ 440 billion, and its dominance compared to the Alts has suffered a little slump and is now 42.4 %.

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Doge pumps 8%

Most old coins recorded impressive profits at the end of last week, but the trends have now changed. Ethereum rose well over $ 1,600 at the weekend, but two consecutive days with price declines have so far driven it to $ 1,570.

ripplecardano, polygon, OKB, Solana, polkadot and avalanche are also slightly in the minus compared to the large cap alternatives.

Binance Coin, Shiba Inu and Litecoin are among the few exceptions with insignificant profits. However, Dogecoin stands out as the current top performer. Doge has increased by 8 % because Elon Musk indicated that Twitter could soon integrate crypto payments.

The cumulative market capitalization of all crypto-assets lost over $ 15 billion in one day and has dropped to $ 1.040 trillion at CMC.

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