$96,470.00
-1.73%$3,356.06
-2.81%$2.18
-3.95%$694.73
-0.82%$190.00
-3.41%$0.316799
-3.48%$1.001
0.22%$3,351.12
-2.95%$0.871982
-3.87%$0.252602
-1.39%$37.85
-6.03%$5.77
-3.58%$22.90
-6.21%$4,080.18
-0.69%$0.00002168
-4.65%$96,130.00
-1.73%$4.28
-4.89%$0.291765
-6.11%$0.359364
-5.49%$7.01
-5.33%$6.98
22.42%$3,352.96
-2.83%$441.10
-3.96%$9.17
-3.91%$24.97
-8.17%$12.97
-5.94%$103.29
-4.20%$0.00001746
-6.28%$3,538.89
-3.07%$5.10
-6.05%$0.999742
0.09%$0.999899
-0.19%$338.67
-7.72%$9.03
-5.69%$10.43
-6.73%$0.151415
-3.66%$0.484033
-5.66%$1.19
-3.29%$26.04
-3.99%$0.04761385
-6.76%$7.23
-3.29%$24.66
-0.82%$191.16
-1.61%$476.06
-5.19%$3.64
-2.93%$1.28
-4.47%$0.754243
-5.08%$5.03
-4.57%$50.36
5.99%$0.353579
-7.59%$2.94
-7.37%$0.114024
-3.71%$0.942314
-7.87%$33.34
45.92%$6.55
-4.70%$0.889896
-8.46%$1.095
-6.21%$1.80
-4.98%$1.58
-6.66%$0.03780328
-0.78%$0.00003112
-5.26%$4.91
-3.81%$1.35
-6.98%$1.004
0.48%$2.19
-8.53%$1.47
-8.72%$21.43
-4.84%$96,402.00
-1.70%$3,348.35
-3.18%$0.209677
-5.19%$15.23
5.22%$1.87
-5.43%$0.425647
-6.36%$0.0365867
-5.42%$2.20
-4.24%$3,758.02
-3.08%$0.00017574
-0.47%$3,462.45
-2.94%$1.002
0.21%$4.84
-6.41%$112.14
-5.60%$1.80
-3.61%$3,537.75
-2.67%$0.03598797
-6.18%$96,142.00
-1.79%$0.02645184
-3.56%$0.02727701
-8.04%$3.33
0.11%$4.84
-6.58%$1.36
-2.87%$1,539.54
-4.65%$0.562912
-7.01%$1.35
-1.87%$11.08
0.42%$0.367475
-6.15%$95,874.00
-2.40%$0.126166
-8.22%$194.30
-3.66%$0.210194
-6.28%$0.791513
-5.57%$3,451.97
-2.90%$6.80
-7.57%$0.078597
-5.29%$0.935898
-8.83%$0.844127
-5.48%$1.54
-4.48%$33.37
-7.04%$0.712084
-7.12%$69.83
-5.86%$16.70
-1.58%$54.06
-4.52%$0.470142
-4.48%$0.297195
-8.99%$1.48
-3.88%$0.00000109
-5.37%$236.46
-3.47%$1.12
-5.38%$6.35
-5.47%$13.98
-6.92%$0.845525
-9.34%$0.947946
-21.73%$34.09
-4.05%$0.483871
-5.36%$0.496508
-5.85%$0.00000237
-4.84%$95,659.00
-1.96%$3,348.49
-3.11%$0.809839
-7.32%$3.22
0.39%$1.19
-4.35%$96,037.00
-1.60%$4.93
-5.15%$0.085655
-6.83%$3,354.89
-2.63%$0.997637
0.10%$3.07
-6.51%$0.271382
-6.90%$13.24
-0.15%$0.01393193
2.67%$0.158696
-4.05%$0.80367
0.28%$3,353.33
-2.83%$202.73
-3.57%$0.737493
-9.50%$0.196808
-5.31%$0.01047399
-3.10%$278.83
-3.00%$1.59
-7.17%$1.92
-4.08%$3.41
-8.37%$0.594789
-5.97%$2.44
-4.14%$80.14
-5.86%$2.05
-6.75%$0.316292
-4.33%$0.00003445
-6.10%$1.48
-3.93%$18.03
-4.81%$95,450.00
-1.71%$0.661959
-4.73%$0.00638793
-4.79%$21.14
9.12%$2,638.49
0.70%$0.00771604
-5.49%$0.998037
0.54%$0.732626
-7.81%$0.0064452
-7.78%$5.76
-5.82%$3,536.70
-2.74%$1.30
-6.33%$1.022
0.57%$0.0001108
-4.75%$37.09
-6.06%$3,633.65
-3.02%$11.14
-4.41%$0.00630316
-4.90%$0.559287
-8.31%$1.08
-3.54%$0.00
-6.26%$0.082111
-5.07%$2.25
-2.17%$0.39201
-4.19%$0.079073
-2.25%$0.341066
-6.70%$25.91
-4.87%$34.14
-5.69%$1.001
0.20%$3,380.00
-2.27%$2,650.86
1.00%$0.01158102
-7.11%$0.00000053
-1.59%$0.248615
-7.58%$96,166.00
-2.13%$3.95
13.41%$0.054058
-10.18%$95,322.00
-1.83%$41.63
-10.33%$1.51
-2.68%$1.20
-4.20%$1.001
0.33%$3,343.04
-3.23%$3,352.24
-3.01%$0.448847
-5.14%$1.14
-7.35%$0.996208
0.09%$0.456938
-5.63%$0.060648
-4.48%$1.07
0.23%$4.47
-5.23%$0.418394
23.11%$95,953.00
-1.91%$0.00594979
-5.18%$0.064696
-6.10%$3,497.73
-3.56%$2.83
-10.65%$3,603.41
-2.89%$0.00619632
-5.16%$0.00236074
-7.46%$1.027
2.82%$0.0053549
-4.07%$1.91
-6.90%$0.02128949
-5.60%$1.085
0.73%$5.11
-3.16%$0.00095098
-5.40%$0.213147
-5.14%$0.468205
-7.47%$0.221972
-6.85%$0.069714
-7.18%$1.00
0.05%$0.145964
8.91%$84.51
-6.30%$0.254408
-3.34%$3,712.83
-2.75%$0.03802666
-3.73%$4.56
-11.50%$2.89
-6.32%$0.03016864
-6.50%$1.004
0.08%$0.662208
-6.12%$0.01071706
-2.98%$0.363887
13.19%$0.00000017
-5.04%$44.54
-6.55%$1.32
-2.52%$0.03553081
-7.61%$3,575.10
-2.91%$3.25
-5.39%
Bitcoin has seen a strong bounce in the last hour, rising from lows of $36,000 to above $37,000. The cryptocurrency reached a high of $37,450 before coming back to the $37,000 mark.
This puts the coin in a stronger position after it fell to a low of $33,860 over the weekend.
Recently, Bitcoin has been in the midst of a price correction. On January 8, 2021, Bitcoin broke the $40,000 barrier—and set a new all-time high in price in the process—but soon after nosedived by over $10,000 in a single day.
Not only was that price crash the biggest Bitcoin has experienced in a single day since its inception, but it prompted calls that Bitcoin's latest bubble had burst, and that it was facing down a new bear market. Yet so far, such a crash hasn't happened, suggesting the rally isn't over.
This concurs with bullish sentiment from institutional investors. Such investors plowed $700 million into Grayscale's trusts on Friday, the most it has ever seen in a single day.
1/15/2021 was also our largest single asset raise day, ever.
— Michael Sonnenshein (@Sonnenshein) January 16, 2021
The rest of the cryptocurrency market hasn't been particularly affected; the price of Ethereum is up just 0.9% on the day. Litecoin's price, however, has followed Bitcoin's bounce and has risen 7% in the last 24 hours, mainly due to a spike in the last hour.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
