{"id":72248,"date":"2023-01-09T09:32:24","date_gmt":"2023-01-09T07:32:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=72248"},"modified":"2025-09-08T13:59:10","modified_gmt":"2025-09-08T10:59:10","slug":"bitcoin-rises-above-the-17000-level","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-rises-above-the-17000-level\/","title":{"rendered":"Bitcoin rises above the $17,000 level"},"content":{"rendered":"

On Monday, 9 January, the price of the first cryptocurrency rose above $17,000 for the first time since mid-December 2022. In the last 24 hours the asset has risen by 1.6%, according to CoinGecko<\/a>.<\/p>\n

At the time of writing, Bitcoin is trading near $17,200. As seen in the chart below, the price rise is accompanied by a spike in trading volume.<\/p>\n

\"Btcusdt_2023-01-09_09-12-38\"
Hourly BTC\/USDT chart on the Binance exchange. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

According to Coinglass<\/a>, over the last 24 hours liquidations on the futures market amounted to $187.2 million. Of these, $22.5 million were Bitcoin-based contracts, $49.5 million Ethereum.<\/p>\n

The second-largest cryptocurrency’s price sits at $1,309 (up 3.6% in the last 24 hours).<\/p>\n

\"Ethusd_2023-01-09_09-29-07\"
Hourly ETH\/USDT chart on the Binance exchange. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

The leaders led the market higher. The most notable rally was Cardano, up 18.3% over the last 24 hours. In the second ten of the ranking, Solana posted a double-digit rise (21.6%).<\/p>\n

\"Snimok-ekrana-2023-01-09-v-09
Data: CoinGecko.<\/figcaption><\/figure>\n

In December, Galaxy Digital founder Mike Novogratz reiterated his forecast for Bitcoin’s price <\/a>to reach $500,000<\/a>.<\/p>\n

Former BitMEX CEO Arthur Hayes expressed the view that Bitcoin has bottomed out<\/a>, as almost all ‘irresponsible organisations’ have run out of BTC to sell.<\/p>\n

In December, Nansen analysts warned of the risks of continued bearish momentum in cryptocurrencies in 2023<\/a>.<\/p>\n

Follow ForkLog’s Bitcoin news on our Telegram<\/a> \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Monday, 9 January, the price of the first cryptocurrency rose above $17,000 for the first time since mid-December 2022. In the last 24 hours the asset rose by 1.6%, according to CoinGecko.<\/p>\n","protected":false},"author":1,"featured_media":72249,"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":[480,46],"class_list":["post-72248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72248","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=72248"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72248\/revisions"}],"predecessor-version":[{"id":72250,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72248\/revisions\/72250"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/72249"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=72248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=72248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=72248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}