Bitcoin price tops $17,000

On Monday, January 9, the quotation of the first cryptocurrency exceeded $17,000 for the first time since mid-December 2022. Over the past 24 hours, the asset has gained 1.6 percent.

Bitcoin is trading near the $17,200 mark. As you can see in the chart below, the rise in price is accompanied by a surge in trading volume.

$187.2 million worth of positions were liquidated in the futures market overnight, $22.5 million of which were bitcoin-based contracts and $49.5 million were Ethereum.

The price of the second most capitalized cryptocurrency is holding at $1309 (+3.6% over the last 24 hours).

Flagships have traditionally pulled the market. Cardano has the most notable surge, up 18.3% in the last 24 hours. Solana (21.6%) showed double-digit growth among the second ten of the ranking.