Bitcoin (BTC) price seems to have changed the $ 32,000 level again to support it when optimism resumed in the broader cryptocurrency market on January 28.
Data from Cointelegraph Markets and TradingView show that the bitcoin price has steadily climbed from $ 31,000 to the current $ 33,400, up 9.5%.
The most famous winner today is Dogecoin (DOGE), which is up over 200%.
The popular meme coin has become the latest recipient of the 3 million-member Reddit community behind GameStop Pump (GME), BlackBerry (BBY) and the awesome AMC Theaters (AMC) that have happened in recent days. In the early morning of January 28, a Twitter account called WSB Chief tweeted:
Shortly thereafter, Bates’ Telegram Wall Street members began discussing the possibility of paying $ 1 for DOGE.
Dogecoin’s tweet volume surpassed “Bitcoin in the Last 24 Hours”, according to TheTIE, making it the first time an “altcoin” has “tweeted more than Bitcoin in 24 hours.”
In a private conversation with Cointelegraph, Joshua Frank, founder of TheTIE, commented on the “brutality” of Dogecoin-related activities over the past 24 hours.
Today, Dogecoin’s tweet volume is up 1665%, volume up 1546% and price up 209%.
Wall Street continues to use cryptocurrencies
Coinbase has officially announced plans to go public later this year. According to the Coinbase blog, the company will directly list A common stock and make the existing stock publicly available.
North Carolina asset manager Kingfisher Capital also made headlines after deposit documents revealed that the company had bought 10,667 shares of the Grayscale Bitcoin Trust in recent months.
Several US brokerages, including the popular mobile Robinhood, have reacted negatively to the discontinuation of stock trading, such as GameStop (GME) and AMC Holdings Inc. … hundreds of percent.
Traditional markets also rebounded after yesterday’s weak sales. The S&P 500, NASDAQ and Dow all showed positive inflows and rose 0.98%, 0.68% and 0.99%, respectively.
The $ 32,000 Bitcoin supply has coincided sharply with strong rallies in several cryptocurrencies, with most of the top 100 currencies currently showing gains between 3% and 15%.
Cosmos (ATOM) increased 15.41%, Stellar (XLM) increased 13.91%, Compound (COMP) 1a up 14.21%. Ether (ETH) is up 5.96% and is currently trading at $ 1,355.
The total market value of the cryptocurrency is now $ 984.6 billion, and the dominance rate of Bitcoin is 63.2%.