- The CEO of CryptoQuant tweeted positive news for BTC this morning.
- BTC’s price has risen 1.46% over the last 24 hours.
- All of the top 10 cryptos except DOGE and XRP have printed gains.
Ki Young Ju, the co-founder and CEO of CryptoQuant, shared some positive news in a tweet this morning regarding the crypto market leader, Bitcoin (BTC).
According to Young Ju, the hourly price premium for BTC in Coinbase has turned positive for the first time since the FTX bank run. He added that this is a result of crypto market sentiment in the U.S. recovering.
The recovering sentiment can also be witnessed in the global crypto market cap, which is up 0.76% over the last 24 hours – taking the total crypto market cap to approximately $859.49 billion at press time.
The amount of trading volume in the crypto space has also risen 2.41% to take the total to $47.17 billion. This is according to the crypto market tracking website, CoinMarketCap.
In addition, BTC’s price has risen 1.46% over the last 24 hours. This has brought its price up to above the $17k level at $17,109.96. Meanwhile, Ethereum (ETH) and Binance Coin (BNB) have seen their prices rise over the same time period. The price of ETH is up 1.23% and now stands at $1,284.53, and BNB is up 0.08% and is trading at $299.51.
Cardano (ADA) and Polygon (MATIC) have seen 0.78% and 5.96% gains respectively. However, Dogecoin (DOGE) and Ripple (XRP) were unable to print gains over the last 24 hours, as DOGE’s price has fallen 2.35% and XRP’s price has fallen 0.36%. As a result, DOGE is now trading at $0.1035 and XRP is changing hands at $0.4006.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
