{"id":55779,"date":"2022-01-12T17:11:03","date_gmt":"2022-01-12T15:11:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=55779"},"modified":"2025-09-04T03:18:14","modified_gmt":"2025-09-04T00:18:14","slug":"bitcoin-price-climbs-above-44000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-price-climbs-above-44000\/","title":{"rendered":"Bitcoin price climbs above $44,000"},"content":{"rendered":"<p>On Wednesday, January 12, bitcoin prices rose above the $44,000 mark (on Bitstamp).<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"640\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-01-12-v-16.49.04-1024x640.png\\\" alt=\\\"Bitcoin price climbs above $44,000\\\" class=\\\"wp-image-161427\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-01-12-v-16.49.04-1024x640.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-01-12-v-16.49.04-300x188.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-01-12-v-16.49.04-768x480.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-01-12-v-16.49.04-1536x960.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-01-12-v-16.49.04-2048x1280.png 2048w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>BTC\/USD Bitstamp chart. Data: <a href=\\\"https:\/\/ru.tradingview.com\/symbols\/BTCUSDT\/?exchange=BITSTAMP\\\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>The market capitalization of digital gold surpassed $830 billion, according to <a href=\\\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\\\">CoinGecko<\/a>.<\/p>\n<p>Three Arrows Capital founder Su Zhu attributed the rebound to a rare buy signal from the bitcoin indicator <a href=\\\"https:\/\/medium.com\/@kenoshaking\/bitcoin-average-dormancy-28f88ea4c2ce\\\">Dormancy Flow<\/a>.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Dormancy flow buy signal on <a href=\\\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$BTC<\/a>, very rare, only six times in history <a href=\\\"https:\/\/t.co\/eNU5lY9sOH\\\">pic.twitter.com\/eNU5lY9sOH<\/a><\/p>\n<p>\u2014 Zhu Su \ud83d\udd3a (@zhusu) <a href=\\\"https:\/\/twitter.com\/zhusu\/status\/1480943506742935552?ref_src=twsrc%5Etfw\\\">January 11, 2022<\/a><\/p>\n<\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>According to him, Dormancy Flow has fired only six times in its history. The indicator shows a prolonged period during which \\&#8221;sleeping bitcoins\\&#8221; do not affect the asset&#8217;s price.<\/p>\n<p>According to Su Zhu&#8217;s chart, in previous instances Dormancy Flow did indeed signal a buy for bitcoin. The last time the indicator fired was in mid-2021, when the price of bitcoin <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-falls-below-30000\">fell below $30,000<\/a>.<\/p>\n<p>In the last 24 hours, all top-10 assets by market capitalization were in the green. The biggest gainers were Polkadot (+12.2%), Terra (+11.5%), and Cardano (+11%).<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"518\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-01-12-v-17.05.04-1024x518.png\\\" alt=\\\"Bitcoin price climbs above $44,000\\\" class=\\\"wp-image-161428\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-01-12-v-17.05.04-1024x518.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-01-12-v-17.05.04-300x152.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-01-12-v-17.05.04-768x389.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-01-12-v-17.05.04-1536x777.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-01-12-v-17.05.04-2048x1036.png 2048w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Data: CoinGecko.<\/figcaption><\/figure>\n<p>Earlier, DoubleLine Capital founder Jeffrey Gundlach described bitcoin as too expensive in light of the Federal Reserve&#8217;s impending monetary-policy tightening, and for buying it proposed waiting for the price to fall to $25,000.<\/p>\n<p>Earlier, on January 10, bitcoin fell below $40,000.<\/p>\n<p>Read ForkLog&#8217;s bitcoin news on our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Wednesday, January 12, bitcoin prices rose above the $44,000 mark (on Bitstamp).<\/p>\n","protected":false},"author":1,"featured_media":55780,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-55779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=55779"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55779\/revisions"}],"predecessor-version":[{"id":55781,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55779\/revisions\/55781"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/55780"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=55779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=55779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=55779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}