Bitcoin Price Surges 0.64%, Market Cap Reaches 442.04 Billion USD

The world’s largest cryptocurrency, Bitcoin, has seen a surge of 0.64% in the last 24 hours, taking the market cap to 442.04 billion USD.[0] Each BTC token is trading for 22,950 USD and is nearing the 23k mark for the second time in the year.[1] The 24-hour trading volume has seen an increase of 12.43% as compared to the previous day.[1]

The global crypto market cap stands at 1.09 trillion USD with a total crypto volume of 61.20 billion USD.[2] Bitcoin’s dominance has decreased by 0.25% and is currently at 41.21%.[3]

The price of Bitcoin has been trading within a tight range between $22,000 and $23,000 for the last two weeks, with strong resistance at the upper end of the range.[0] The price of Bitcoin has been steadily increasing over the last few days, hovering around the $21,632 mark. This suggests that the asset is likely to maintain this level even if there is a slight decrease.[0]

Amidst its latest price change, Bitcoin remains 68.33% below its all-time high of $68,789.63, which was achieved back in November 2021.[4] The asset is now 4.82% off its five-day high and is 3.65% higher than its five-day low of $21460.09.

Analysts are very bullish in the long-term prospects of Bitcoin, with some touting that BTC will use the $21.5k support as its springboard.[5] Many in the crypto community are viewing this dip as a potential “buy the dip” opportunity, as even the biggest players in the market are responding to this dip with increased activity.[6]

Santiment (@santimentfeed) also noted that Bitcoin’s BTC/USD price has risen 3.75% to $22,973.00 in the past 24 hours, and is contrary to its negative trend over the past week, where it has experienced a 0.0% loss.[7] Analysts remain optimistic in its long-term prospects, with many believing that the asset will reach its all-time high of $69,045.00 in the near future.

0. “Bitcoin price analysis: BTC Rallies by Over 4 percent after a bullish run – Cryptopolitan” Cryptopolitan, 15 Feb. 2023,

1. “Bitcoin Price Today: Bitcoin Increases By 0.24% In The Last 24 Hours” CoinGape, 13 Feb. 2023,

2. “Bitcoin Price Today: Bitcoin (BTC) Jumps By 0.64% In The Last 24 Hours” CoinGape, 7 Feb. 2023,

3. “Crypto News Live Updates Feb 11: Mina Price Skyrockets By 20%, Bitcoin Price Declines” CoinGape, 11 Feb. 2023,

4. “Will It Be a Bloody Valentine’s Day for Bitcoin? AI Predicts Price” Watcher Guru, 13 Feb. 2023,

5. “Bitcoin Tries To Find Some Love Before Valentine’s Day” Bitcoinist, 10 Feb. 2023,

6. “AI’s Valentine Visions: Bitcoin’s Price Predicted For February 14th” TronWeekly, 14 Feb. 2023,

7. “Bitcoin’s Price Increased More Than 3% Within 24 hours” Benzinga, 15 Feb. 2023,