[US Market]Bitcoin Recovers $23,000, Aptos Renews Highest Ever | coindesk JAPAN | Coindesk Japan

E382B9E382AFE383AAE383BCE383B3E382B7E383A7E38383E38388 2023 01 26 11.27.24

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Layer 1 blockchain, Aptos crypto assets have been on the rise since the beginning of the year, hitting an all-time high on January 25th.

Cryptocurrency Aptos (APT) is up more than 400% since January 1, according to CoinDesk data. Over the 24-hour period, it has climbed more than 40 points to close to $18.30.

The rise outpaces Bitcoin (BTC) and Ethereum (ETH), both of which are up more than 30% year-to-date.

But Aptos’ funding rate is still negative, indicating that traders expect the rally to be short-lived.

Market trend

Source: CoinDesk Research

Bitcoin (BTC): Almost flat in 24 hours, near $ 22,950. After a four-day rally, there was also some profit-taking activity, briefly dipping below $22,500. Around 11:30 on the 26th Japan time, it recovered to $ 23,000.

Ethereum (ETH): Down about 2.1% in 24 hours, near $1580.

Dogecoin (DOGE)WhenShiba Inu Coin (SHIB): Increased by about 2.6% and about 3.3% respectively.

Axie Infinity (AXS)P2E (play-to-earn) Axie Infinity reached a four-month high of $13.94 on the 23rd, rose about 13% on the 24th, and continued to rise thereafter. About 2% increase in 24 hours.

stock market: The Nasdaq, S&P 500 and Dow Jones Industrial Average all fell less than 1%.

latest price

● CoinDesk Market Index (CMI): 1,089.09, +0.7%
Bitcoin: $23,680, +3.6%
Ethereum: $1,624, +1.9%

● S&P500: 4,016.22, 0.0%
Gold: $1,948, +0.7%
● US 10-year bond yield: 3.46%, 0.0%

market analysis

Derivatives market shows positive sentiment for Bitcoin. Currently, Bitcoin is in a “contango” situation where the futures price exceeds the spot price.

In traditional markets, contango is often a bearish sign because the price differential between futures and spot is based on the transportation and storage costs of the asset. On the other hand, with Bitcoin, where storage costs are largely irrelevant, contango could simply represent increased buying in the futures market and signal bullish sentiment.

Source: TradingView

|Translation: coindesk JAPAN
|Editing: Takayuki Masuda
|Image: CoinDesk
|Original: Crypto Markets Today: Layer 1 Blockchain Token Aptos Reaches Record High

The post [US Market]Bitcoin Recovers $23,000, Aptos Renews Highest Ever | coindesk JAPAN | Coindesk Japan appeared first on BitcoinLinux.